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Summary of Economic Scenarios Downtown Overall Market

Short U

2019 2020 2021

Sharp V

2019 2020 2021

Net Absorption

0.6

-1.6 -1.3

Net Absorption

0.6

-2.9 3.4

Vacancy

11.7% 13.7% 15.2% $62.70 $58.32 $54.03 -1.4% -7.0% -7.4%

Vacancy

11.7% 15.2% 11.4% $62.70 $55.52 $60.17 -1.4% -11.5% 8.4%

Asking Rent Rent Growth

Asking Rent Rent Growth

Long U

2019 2020 2021

Net Absorption

0.6

-1.9 -4.0

Vacancy

11.7% 14.0% 18.4% $62.70 $57.80 $48.12 -1.4% -7.8% -16.8%

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.