Norwegian Cruise Line_OM_C&W Miami FINAL RSF

PROJECT LOCATION HIGHLIGHTS

Minutes from Property

AIRPORT WEST SUBMARKET HEADLINES

836

826

3 Minutes

3 Minutes

8 Minutes

16 Minutes

Consistent & Strong Rent Growth

#1 in Leasing Activity

826

Since 2019 Airport West has consistently ranked as the #1 office submarket in Miami-Dade for Leasing Activity

$43.00

10 Minutes

20 Minutes

27 Minutes

$41.00

Miami-Dade Submarket Leasing Activity 2019-2023

$39.00

$37.00

4,500,000

$35.00

4,000,000

$33.00

3,500,000

$31.00

3,000,000

2,500,000

$29.00

2,000,000

$27.00

1,500,000

$25.00

836

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

1,000,000

836

500,000

-

» Submarket experienced 42.9% rent growth from 2013-2023 » Average annual rent growth of 4.29% » From outset of pandemic in 2020 through 2023 Airport West recorded impressive rent growth of 8.1%

Drive Times

Coral Way

Downtown

South Dade

Miami Lakes

Airport West

Coral Gables

Miami Beach

30 Minutes

45 Minutes

60 Minutes

Coconut Grove

Brickell Avenue

Northeast Dade

East Airport/Central Dade

South Gables/South Miami

Biscayne/Wynwood/Design

43% of South Florida Population

67% of South Florida Population

80% of South Florida Population

41 | Norwegian Cruise Line Holdings

Cushman & Wakefield | 42