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PLAZA DISTRICT PRICE DIFFERENTIAL

CONCESSIONS

Leases with $100+ TIA

109

$/sf

102

97

$20.00

$17.12

91

$14.53

$15.00

$18.13

$13.40

$10.95

$10.00

$13.40

$12.52

$10.95

$5.00

$0.00

2019 YTD

2011–2016 2017 2018

2016

2017

2018

2019

• Since 2018, there were a total of 206 leases with $100+ work allowances • 65.0% of $100+ work allowances occurred in Midtown

• Since 2015, the difference between starting and net effective rents has increased 16.1% • Plaza District landlords competing with Midtown new construction are providing more concessions to retain tenants

Cushman & Wakefield | 13

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