Engage in Tampa Bay_Q419

THE I-75 CORRIDOR IS A KEY MARKET FOR CAMPUS-STYLE CORPORATE ENVIRONMENT

CURRENT SITUATION

Major Leases Building

Tenant

SF

Deal Type

Eastpointe I

Pharmerica

36,002

Renewal

Sabal Corporate Center Herzing University

33,937

New

Highland Oaks II

Airline Reporting Corporation

17,592

New

LakeView at Hidden River LakeView at Hidden River

VA

16,905

Renewal

VA

15,985

Renewal

Major Sales Quarter Sold Building

Buyer

Seller

Price

Price PSF

2Q17

Tampa Oaks One

The Dilweg Company Osprey Management Company

$20,150,000

$122.31

2Q17

Lakeview @ Hidden River The Dilweg Company Osprey Management Company

$17,750,000

$141.33

Class A Leasing Activity and Absorption

Class A Direct Vacancy and Rental Rates

-300,000 -200,000 -100,000 0 100,000 200,000 300,000 400,000 500,000 600,000

$10.00 $15.00 $20.00 $25.00 $30.00

25.0%

20.0%

15.0%

10.0%

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

5.0%

$0.00 $5.00

0.0%

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Leasing Activity

Direct Net Absorption

Direct Gross Asking Rental Rate

Direct Vacancy Rate

40 Cushman & Wakefield