Legal Sector Advisory Group_BROCHURE

PHASE 1 PORTFOLIO REVIEW

DGS EFFICIENCY AND COST

FULLY ESCALATED 2019 RENT

FULL 2

By analyzing current firmwide efficiency standards, Cushman & Wakefield will clearly illustrate potential future cost savings. As the legal sector embraces an increased flexible work schedule, the ‘target’ square feet per attorney ratio will become even more dense, which will allow firms to relocate to higher- quality assets while maintaining a similar aggregate annual rent obligation.

FULL SERVICE MARKET RENT VARIABLES

$41.41

850 SF/ATTY

$35,199

800 SF/ATTY

$33,128

CURRENT OCCUPANCY 756 SF/ATTY

$31,297

700 SF/ATTY

$28,987

650 SF/ATTY

$26,917

600 SF/ATTY

$24,846

TARGET OCCUPANCY 550 SF/ATTY

$22,776

500 SF/ATTY

$20,705

450 SF/ATTY

$18,635

Notes • Lease Expiration: 4/30/2024

• 2019 Fully Escalated Rent: $23.50/SF NNN (OpEx: $17.91/SF) • 2024 Fully Escalated Rent: $26.00/SF NNN (OpEx: $18.06/SF) • Assumed Annual OpEx 3% Escalation

ANNUAL RENT ($44.06/S

ANNUAL RENT PER PART

ANNUAL RENT PER PART OVER 15 YEARS

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