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Summary of Economic Scenarios + Coworking Stress Downtown Overall Market

Short U

2019 2020 2021

Sharp V

2019 2020 2021

Net Absorption

0.6

-2.6 -1.8

Net Absorption

0.6

-3.9 2.9

Vacancy

11.7% 14.8% 16.8% $62.70 $57.46 $52.59 -1.4% -8.4% -8.5%

Vacancy

11.7% 16.3% 13.0% $62.70 $54.58 $58.60 -1.4% -12.8% 7.2%

Asking Rent Rent Growth

Asking Rent Rent Growth

Long U

2019 2020 2021

Net Absorption

0.6

-2.9 -4.5

Vacancy

11.7% 15.1% 20.1% $62.70 $56.94 $46.78 -1.4% -9.2% -17.8%

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.