4.6

%

5.3

%

6.8

%

6.0

%

7.6

%

6.8

%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

Flex Industrial Industrial

Orange County, CA West Region National

$1

3.1

$9

.4

$1

3.3

$7

.5$9

.7

$5

.6

$0.0

$5.0

$10.0

$15.0

Flex Industrial Industrial

Orange County, CA West Region National

4.4

%

3.0

%

10

.7%

7.2

%10

.2%

8.1

%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

Flex Industrial Industrial

Orange County, CA West Region National

4.0% 4.

5%

4.6%

4.8% 5.

3%

5.4%

5.3%

5.5% 6.

2%

6.4%

0.0%

2.0%

4.0%

6.0%

8.0%

Source: Reis Services, LLC. Reprinted with permission. All rights reserved.Source: Reis Services, LLC. Reprinted with permission. All rights reserved.

Source: Reis Services, LLC. Reprinted with permission. All rights reserved.

`

Categories

Community

Retail

Neighborhood

Retail

5.8

%

5.5

%

6.3

%

6.5

%

6.9

%

7.1

%

0.0%

2.0%

4.0%

6.0%

8.0%

Community Retail Neighborhood Retail

Orange County, CA West Region National

$2

4.7

$2

2.1

$2

3.1

$2

1.7

$1

9.4

$1

8.0

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

Community Retail Neighborhood Retail

Orange County, CA West Region National

5.1

%

2.8

%

6.3

% 7.7

%

8.1

% 9.3

%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

Community Retail Neighborhood Retail

Orange County, CA West Region National

0.09% - 12 Mo. Proj.

Construction/Inventory

110,236,830 SF

Retail Inventory

Categories CBD Class A

Suburban

Class A

5.3

%

5.8

%

5.3

%

6.0

%

6.0

%

6.6

%

6.4

%

7.0

%

6.8

% 7.6

%

7.2

%

7.9

%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

CBD Class A CBD Class B SuburbanClass A

SuburbanClass B

Orange County, CA West Region National

$2

7.9

$2

3.2 $3

1.0

$2

5.9$

35

.4

$2

6.9

$3

1.7

$2

5.2

$2

9.8

$2

2.4

$2

5.8

$2

0.0

$0.0

$10.0

$20.0

$30.0

$40.0

CBD Class A CBD Class B SuburbanClass A

SuburbanClass B

Orange County, CA

14

.0%

10

.1%

14

.0%

10

.3%

12

.5%

11

.7%

13

.7%

13

.0%

13

.2%

15

.4%

13

.9%

15

.1%

0.0%

5.0%

10.0%

15.0%

20.0%

CBD Class A CBD Class B SuburbanClass A

SuburbanClass B

Orange County, CA West Region

9.1

%

8.5

%

7.6

%

8.1

%

7.9

%

8.5

%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

Full Service Limited Service

Orange County, CA West Region National

$1

75

$1

70

$1

69

$1

07$

15

3

$1

03

$0

$50

$100

$150

$200

Full Service Limited Service

Orange County, CA West Region National

85

.0%

82

.9%

78

.4%

75

.0%

72

.9%

70

.5%

40%

50%

60%

70%

80%

90%

Full Service Limited Service

Orange County, CA West Region National