Prologis Mesquite Presentation

MARKET OVERVIEW MESQUITE SUBMARKET SNAPSHOT

OBSERVATIONS & TRENDS • Higher percentage of owner/tenant users • Diverse product type ranging from multi-tenant office showroom/flex and manufacturing space to warehouse distribution • Strong Labor Pool

NET ABSORPT I ON/VACANCY NET ABSORPTION/ VACANCY

COMPLET I ONS /NET ABSORPT I ON COMPLETIONS / NET ABSORPTION

0.8

14.0%

0.5

0.8

0.4

0.6

12.0%

0.6

Millions

0.4 Millions

Millions

0.4

10.0%

0.4

0.3

0.2

8.0%

0.2

0.3

0.2

0.0

0.0

6.0%

0.2

COMPLETIONS

(0.2)

-0.2

4.0%

NET ABSORPTION

0.1

(0.4)

-0.4

2.0%

0.1

0.0

(0.6)

-0.6

0.0%

2012

2013

2014

2015

2016

2017

Q1 2018

2012

2013

2014

2015

2016

2017

Q1 2018

COMPLETIONS

OVERALL NET ABSORPTION

• Proximity to Union Pacific Intermodal • Adjacent to new FedEx Ground hub

Overall Net Absorption

Overall Vacancy Rate

MARKET STATS

2010

2011

2012

2013

2014

2015

2016

2017

Q1 2018

INVENTORY

17,222,163

17,222,163

17,222,163

17,620,325

17,620,325

17,620,325

17,646,080

17,997,954

17,997,954

OVERALL NET ABSORPTION

329,743

700,928

612,735

542,836

401,271

(53,877)

(177,433)

657,499

(440,860)

OVERALL VACANCY

19.7%

15.6%

12.0%

10.9%

8.7%

9.0%

10.1%

8.2%

10.9%

COMPLETIONS

0

0

0

398,162

0

0

25,755

351,874

0

UNDER CONSTRUCTION

0

0

398,162

0

0

25,755

351,874

877,230

1,364,430

26 | CUSHMAN & WAKEFIELD 26 | C S & W I