Semiannual Snapshot Q3 2019

Rentable Building Area (RBA)

• 4 & 5 Star: 247,814,496 SF
• 3 Star: 189,929,408 SF
• 1 & 2 Star: 61,972,441
• Total: 499,716,496 SF

Vacancy Rate

• 4 & 5 Star: 14.8%
• 3 Star: 12.8%
• 1 & 2 Star: 6%
• Overall: 13.0%

Average Asking Rent

• 4 & 5 Star: $44.79/SF
• 3 Star: $31.78/SF
• 1 & 2 Star: $26.16/SF
• Overall: $37.70/SF

Under Construction

• 4 & 5 Star: 10,948,687 SF
• 3 Star: 293,425 SF
• 1 & 2 Star: 0 SF
• Total: 11,242,112 SF

12 Month

• Net Absorption: 2,900,000 SF
• Rent Growth: 0.9%
• Vacancy Change: (0.2%)
• Deliveries: 5,500,000 SF
• Sales Volume: $7,200,000,000