Submarket Snapshot_4Q2023_Office_Interactive

OFFICE 4Q23 SUBMARKET SNAPSHOT SOUTHEAST SUBURBAN

KEY LEASE TRANSACTIONS Q4 2023

DATE LEASED

PROPERTY

TENANT

SIZE (SF)

DEAL TYPE

MICROMARKET

CARA STAMP Research Manager Tel: +1 303 218 3258 cara.stamp@cushwake.com MINH NGO Research Analyst Tel: +1 303 312 4293 minh.ngo@cushwake.com

Oct-23

160 Inverness Drive West

Undisclosed

27,200

New Lease

Inverness

Nov-23

7979 East Tufts Avenue

Allium US Holdings

21,300

New Lease

DTC

Oct-23

188 Inverness Drive West

Undisclosed

16,200

New Lease

Inverness

KEY SALES TRANSACTIONS YTD 2023

DATE SOLD

PROPERTY

BUYER | SELLER

SIZE (SF) SALE PRICE PRICE/SF

MICROMARKET

Nov-23

161 Inverness Drive West

Westside Invstmnt Prtnrs | Artis REIT 256,800

$16.5M $64/SF

Inverness

8089 Lincoln Street LLC | MVP 8089 Lincoln Land LLC

Sept-23 8089 South Lincoln Street

24,600

$6.1M $248/SF

Inverness

Jun-23 9777 Mount Pyramid Court Providence Partners LLC | Graham Street Realty

120,300

$9.9M $83/SF

Meridian

A CUSHMAN & WAKEFIELD RESEARCH PUBLICATION Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com. ©2024 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources believed to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy. cushmanwakefield.com

HISTORICAL SUBLEASE AVAILABILITY

1.6

1.4

1.2

1

0.8

0.6

SF (Millions)

0.4

0.2

0

2019 2020 2021

2022 2023