Q1 2021 Engage in Tampa Bay

ST. PETE IS A HOT BED OF TECH INNOVATION WITH A 24-HOUR LIFESTYLE

CURRENT SITUATION

Major Leases Quarter Leased Building Name

Office Market Breakdown

Leased SF

Deal Type

Tenant Name

Class A, 1,461,477

2Q2020 200 Central Avenue

Industrious, LLC

36,820

Direct

R.J. Reynolds Tobacco Company

4Q2020 200 Central Avenue

8,911

Renewal

2Q2020 100 2nd Avenue South

Wells Fargo Clearing

8,000

Renewal

Class C, 62,111

2Q2020 200 Central Avenue

La Cava & Jacobson, P.A.

7,530

Direct

Class B, 494,014

1Q2021

490 1st Ave South

PipeDrive Inc.

5,068

Sublease

Overall Leasing Activity and Absorption Overall Leasing Activity and Absorption

Overall Direct Vacancy and Rental Rates

-100,000 -50,000 0 50,000 100,000 150,000 200,000 250,000 300,000 -100,000 -50,000 0 50,000 100,000 150,000 200,000 250,000 300,000

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

10.0% 12.0% 14.0% 16.0% 18.0%

0.0% 2.0% 4.0% 6.0% 8.0%

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

$0.00 $5.00

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

Direct Net Asking Rental Rate

Direct Vacancy Rate

Leasing Activity

Direct Net Absorption

Leasing Activity

Direct Net Absorption

42 Cushman & Wakefield