PowerPoint Presentation

Summary of Economic Scenarios Midtown South Overall Market

Short U

2019 2020 2021 -0.1 -2.0 -1.1 8.5% 13.0% 14.8% $75.73 $70.51 $64.70 -1.4% -6.9% -8.2% 2019 2020 2021 -0.1 -2.2 -3.2 8.5% 13.3% 18.2% $75.73 $69.92 $57.51 -1.4% -7.7% -17.8%

Sharp V

2019 2020 2021 -0.1 -3.0 2.8 8.5% 14.5% 10.8% $75.73 $67.15 $71.89 -1.4% -11.3% 7.1%

Net Absorption

Net Absorption

Vacancy

Vacancy

Asking Rent Rent Growth

Asking Rent Rent Growth

Long U

Net Absorption

Vacancy

Asking Rent Rent Growth

Source: Cushman & Wakefield Research Absorption in MSF. Asking rents are gross, all classes, per square foot. Vacancy and rent growth are annual average % (changes) versus year-end. Class A figures are for direct space only.

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