Q1 2021 Engage in Tampa Bay

TAMPA'S PREEMINENT SUBMARKET WITH A VARIETY OF SPACE OPTIONS

CURRENT SITUATION

Westshore Office Market Breakdown

Major Leases Quarter Leased Building Name

Leased SF

Deal Type Direct

Tenant Name

Class C, 1,008,678

3Q2020 1401 North Westshore Boulevard

Heritage Insurance

76,732

3Q2020 3111 W Dr Martin Luther King Boulevard Matrix Healthcare Services

48,650 Renewal

2Q2020 2502 N Rocky Point Drive

USI Insurance

41,421 39,852

Renewal Renewal

1Q2021

2701 North Rocky Point Drive

Quiet Professionals

2Q2020 1411 North Westshore Boulevard

Arizona College of Nursing

22,448 Direct

Class B, 4,586,924

Class A, 7,116,587

1Q2021

2203 N Lois Avenue

IRS

21,376

Renewal

3Q2020 1410 N Westshore Boulevard

Old Republic Title Burgess & Niple

20,394 Renewal

1Q2021

1511 N Westshore Blvd.

18,678

Direct

Sedgewick Claims Management Services

2Q2020 3030 North Rocky Point Drive West

17,322

Renewal

3Q2020 3001 North Rocky Point Drive East

Regus

17,300

Renewal

Direct Vacancy and Rental Rates

Overall Leasing Activity and Absorption r l in tivit r tio

$10.00 $15.00 $20.00 $25.00 $30.00 $35.00

10.0% 12.0% 14.0% 16.0% 18.0%

(400,000) (200,000) 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 (4 0, 0) (2 0, 0) 0 2 0, 0 4 0, 0 6 0, 0 8 0, 0 1, 0, 0 1,2 0, 0 1,4 0, 0 1,6 0, 0

0.0% 2.0% 4.0% 6.0% 8.0%

$0.00 $5.00

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD 20 1 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YT

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1Q21

Direct Gross Asking Rental Rate

Direct Vacancy Rate

Leasing Activity Direct Net Absorption Leasing Activity irect Net Absorption

24 Cushman & Wakefield