Q4 2020 Erhardt Land Report

THE I-75 CORRIDOR IS A KEY MARKET FOR CAMPUS-STYLE CORPORATE TENANTS

CURRENT SITUATION

Office Market Breakdown

Class C, 548,090

Class A, 1,461,477

Major Leases Quarter Leased Building Name

Tenant Name

Leased SF Deal Type

Class A, 4,148,334

Class B, 3,021,081

1Q2021

6302 Corporate Center

Career Source

11,181

New New

4Q2020 Netpark at Tampa Bay

Infosys

20,460

Class C, 62,111

Class A Class B Class C

Class B, 494,014

Overall Direct Vacancy and Rental Rates

Overall Leasing Activity and Absorption

$18.00 $19.00 $20.00 $21.00 $22.00 $23.00 $24.00 $25.00

25.0%

1,000,000

Overall Leasing Activity and Absorption

800,0

1,000,000

20.0%

800,000

600,000

15.0%

600,000

400,000

400,000

10.0%

200,000

200,000

0

5.0%

0

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD 2011 2012 2013 14 2015 2016 2017 20 8 2019 020 2021 YTD

(200,00 )

(200,000)

0.0%

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

(400,000)

(400,000)

Leasing Activity Direct Net Absorption Leasing Activity Direct Net Absorption

Direct Gross Asking Rental Rate

Direct Vacancy Rate

36 Cushman & Wakefield