MARKET NAME Office Q3 2021

Industrial Q3 2021 OCALA

OVERALL VACANCY & ASKING RENT

ECONOMIC INDICATORS

Industrial tenants and users are increasingly attracted to the Ocala Metropolitan Statistical Area (MSA) due to ample developable sites coupled with labor availability. The MSA, with a combined population of 370,000 is a magnet for retirees and famous for thoroughbred horse farms. More recently, Ocala has become noted as a major logistics site for investment and preferred location for firms to serve customers throughout the state as well as in the Southeast. There is direct access to Interstate-75 and the Florida Turnpike with the Orlando and Tampa Bay markets less than 60 minutes to the south.

$0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%

12-Mo. Forecast

YoY Chg

4.2% Ocala Unemployment Rate 142,500 Ocala Employment 5.2% U.S. Unemployment Rate

2016

2017

2018

2019

2020

3Q21

Overall Net Asking Rental Rate

Overall Vacancy Rate

Source: Numbers above are monthly, FL Dept. Economic OPP

SPACE DEMAND / ABSORPTION / DELIVERIES

PROJECTS UNDER CONSTRUCTION/PROPOSED BUILDING STATUS SIZE (SF)

2,500,000

SPEC/BTS AVAILABILITY SPACE

2,000,000

3171 NW 44th Ave 2275 SW Hwy 484

Proposed Proposed

1,085,280

SPEC SPEC SPEC

1,085,280

943,200 42,520

943,200 42,520

1,500,000

SW 44 th Ave

UC

1,000,000

SIGNIFICANT AVAILABILITIES BUILDING SIZE (SF)

500,000

RENT/SF

AVAILABILITY TYPE

0

2016

2017

2018

2019

2020

3Q21

6045 SE 83 rd Street 5151 NW 5 th Street

732,742 30,800 12,100

TBD

Direct Direct Direct

$7.50

Leasing Activity

Overall Net Absorption

Construction Deliveries

85 SW 52 nd Ave

$10.50

Demand

Supply

+3.0% OCALA MSA YOY Private Employment

4.2% OCALA MSA Unemployment Rate

118k SF YTD Overall Net Absorption

34k SF YTD Leasing

13k SF Construction Deliveries YTD

26.7 MSF Inventory

Overall Vacancy Rate 3.4% $5.87 PSF Overall Asking Rents

SCORECARD Industrial Q3 2021 OCALA

Chris Owen Director Tel: +1 407 541 4417 Chris.owen@cushwake.com

A Cushman & Wakefield Research Publication Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter. ©2021 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources believed to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy. cushmanwakefield.com