Q4 2020 Erhardt Land Report

LIMITED LARGE BLOCK OF SPACE IN THE SUBMARKET

CURRENT SITUATION

Gateway Office Market Breakdown Gateway Office Market Breakdown

Class C 270,727

Major Leases Quarter Leased Building Name

Leased SF

Tenant Name

Deal Type

Class A, 2,209,027 Class A, 2,209,027

2Q2019 Arrow Point Plaza

Galen College of Nursing

69,138 Renewal

Class B, 2,047,672 Class B, 2,047,672

1Q2020 570 Carillon

Zelis Healthcare

55,000 New

2Q2019 Arrow Point Plaza

Galen College of Nursing

26,026 Expansion

Class A Class B Class C Class C Class l ss

Overall Leasing Activity and Absorption r ll i ti i i

Overall Direct Vacancy and Rental Rates

-200,000 -100,000 0 100,000 200,000 300,000 400,000 500,000 600,000 -2 0, 0 -1 0, 0 0 1 0, 0 2 0, 0 3 0, 0 4 0, 0 500,000 6 0, 00

$30.00

25.0%

$25.00

20.0%

$20.00

15.0%

$15.00

10.0%

$10.00

5.0%

$5.00

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

0.0%

$0.00

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

Leasing Activity L asi Activit

Direct Net Absorption i

Direct Net Asking Rental Rate

Direct Vacancy Rate

50 Cushman & Wakefield