Indianapolis Class A Downtown Skyline Report

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

 600 ft

 500 ft

 400 ft

 300 ft

 200 ft

 100 ft

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

 600 ft

 500 ft

 400 ft

251 EAST OHIO 11 Floors | 57.7% Occupied

 300 ft

11 21,568 RSF 10 15,996 RSF

 200 ft

 100 ft

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

 600 ft

 500 ft

 400 ft

PNC CENTER 16 Floors | 94.0% Occupied

 300 ft

 200 ft

 100 ft

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

 600 ft

 500 ft

 400 ft

FIFTH THIRD TOWER 18 Floors | 71.9% Occupied

 300 ft

18 10,037 RSF 17 10,037 RSF 8 14,177 RSF

 200 ft

 100 ft

3 18,543 RSF

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

 600 ft

 500 ft

CAPITAL CENTER SOUTH 22 Floors | 75.6% Occupied

 400 ft

 300 ft

 200 ft

9 17,333 RSF 8 17,333 RSF

 100 ft

3 10,623 RSF

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

 600 ft

MARKET TOWER 30 Floors | 77.7% Occupied

 500 ft

 400 ft

23 17,918 RSF

18 17,646 RSF

 300 ft

12 18,215 RSF

 200 ft

5 17,773 RSF

 100 ft

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

 600 ft

300 NORTH MERIDIAN 27 Floors | 81.1% Occupied

 500 ft

 400 ft

 300 ft

15 18,063 RSF 18 17,786 RSF

 200 ft

 100 ft

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

ONEAMERICA TOWER 38 Floors | 87.5% Occupied

 600 ft

22 17,689 RSF 21 17,689 RSF 20 17,689 RSF 19 17,689 RSF 17 18,388 RSF 16 15,060 RSF

 500 ft

 400 ft

 300 ft

 200 ft

 100 ft

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

 600 ft

 500 ft

 400 ft

 300 ft

SALESFORCE CENTER BUILDING 12 Floors | 92.6% Occupied

 200 ft

 100 ft

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

SALESFORCE TOWER 48 Floors | 82.1% Occupied

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

47 17,546 RSF

 600 ft

36 20,425 RSF

 500 ft

34 10,979 RSF 32 14,418 RSF

 400 ft

 300 ft

 200 ft

3 15,715 RSF

 100 ft

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

REGIONS TOWER 37 Floors | 78.1% Occupied

 600 ft

 500 ft

 400 ft

17 18,000 RSF 10 17,780 RSF

 300 ft

 200 ft

4 30,998 RSF

2 32,195 RSF

 100 ft

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

 600 ft

BMO PLAZA 28 Floors | 66.8% Occupied

 500 ft

 400 ft

27 17,154 RSF

25 18,481 RSF

26 18,481 RSF

23 20,454 RSF

 300 ft

 200 ft

8 17,166 RSF

 100 ft

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

 600 ft

 500 ft

101 WEST OHIO 22 Floors | 90.0% Occupied

 400 ft

 300 ft

 200 ft

 100 ft

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield

Indianapolis Class A Downtown Skyline Report (3Q16)

 800 ft

CLASS A COMPETITIVE SKYLINE Class A Inventory 5,922,508 Vacant Inventory 1,001,322 Vacancy Rate 16.9% Occupied Inventory 4,921,186 Occupancy Rate 83.1% Avg. Asking Rate $20.30 YTD Net Absorption 128,731

Available for Direct Lease > 10,000 RSF Available for Sublease > 10,000 RSF

 700 ft

 600 ft

 500 ft

MARKET SQUARE CENTER 20 Floors | 48.9% Occupied

 400 ft

14 17,802 RSF 16 16,849 RSF

 300 ft

13 15,077 RSF

12 20,179 RSF

 200 ft

11 14,948 RSF

 100 ft

6 20,179 RSF

Fifth Third Tower

Capital Center South Market Tower 300 North Meridian OneAmerica Tower

Salesforce Center

Salesforce Tower

Market Square Center

251 East Ohio

PNC Center

Regions Tower

BMO Plaza 101 West Ohio

CLICK

FLOORS

11 Floors

16 Floors

18 Floors

22 Floors

30 Floors

27 Floors

38 Floors

12 Floors

48 Floors

37 Floors

28 Floors

22 Floors

20 Floors

RBA

214,356

635,078

327,012

318,978

593,437

358,583

899,382

131,573

1,121,764

706,591

455,734

299,440

396,300

LEASE

90,619

37,903

91,881

77,964

132,249

67,737

112,306

9,764

201,169

154,773

151,163

29,984

202,590

SUBLEASE

0

0

3,821

0

0

0

0

0

23,978

0

0

0

0

OCCUPIED

123,737

597,175

235,131

241,014

461,188

290,846

787,076

121,809

920,595

551,818

304,571

269,456

193,710

OCCUPANCY

57.7%

94.0%

71.9%

75.6%

77.7%

81.1%

87.5%

92.6%

82.1%

78.1%

66.8%

90.0%

48.9%

VACANT

89,845

35,113

32,973

67,263

128,328

38,162

0

1,617

175,157

198,650

121,054

16,524

119,495

VACANCY

42.3%

6.0%

28.1%

24.4%

22.3%

18.9%

12.5%

7.4%

17.9%

21.9%

33.2%

10.0%

51.1%

OWNER

CommonWealth CommonWealth

Nightingale

Hearn

Amerimar

Mission Peak Capital

Mission Peak Capital

CommonWealth

Hertz

Hertz

Zeller Realty

REI

OneAmerica

BUILT

1985

1977

1986

1986

1988

1989

1982

1989

1989

1969

1989

1987

1975

RATE

$17.50

$20.00

$19.50

$19.50

$26.00

$22.50

$23.50

$25.00

$26.50

$19.50–25.00

$21.00

$18.75

$17.50

AGENCY Cushman & Wakefield

CBRE

CBRE

CBRE

Zeller Realty

REI

Cushman & Wakefield

JLL

JLL

JLL

Avison Young Amerimar

Cushman & Wakefield

©2016 Cushman & Wakefield