PowerPoint Presentation

Summary of Economic Scenarios Downtown Class A Market

Short U

2019 2020 2021

Sharp V

2019 2020 2021

Net Absorption

1.9

-0.7 -0.9

Net Absorption

1.9

-1.6 2.2

Vacancy

9.0% 11.3% 12.7% $67.86 $62.14 $57.28 -2.6% -8.4% -7.8%

Vacancy

9.0% 12.7% 8.9% $67.86 $58.17 $63.03 -2.6% -14.3% 8.4%

Asking Rent Rent Growth

Asking Rent Rent Growth

Long U

2019 2020 2021

Net Absorption

1.9

-0.9 -2.5

Vacancy

9.0% 11.6% 16.0% $67.86 $61.30 $49.92 -2.6% -9.7% -18.6%

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.