PowerPoint Presentation

Summary of Economic Scenarios + Coworking Stress Downtown Class A Market

Short U

2019 2020 2021

Sharp V

2019 2020 2021

Net Absorption

1.9

-1.0 -1.0

Net Absorption

1.9

-1.9 2.0

Vacancy

9.0% 11.8% 13.6% $67.86 $62.03 $57.10 -2.6% -8.6% -7.9%

Vacancy

9.0% 13.3% 9.8% $67.86 $58.06 $62.83 -2.6% -14.4% 8.2%

Asking Rent Rent Growth

Asking Rent Rent Growth

Long U

2019 2020 2021

Net Absorption

1.9

-1.2 -2.7

Vacancy

9.0% 12.2% 16.9% $67.86 $61.19 $49.75 -2.6% -9.8% -18.7%

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.