-

-

-

807,962780,012

881,671

547,844

13.5%12.1%

12.2% 12.1%

0.0%

2.5%

5.0%

7.5%

10.0%

12.5%

15.0%

17.5%

500,000550,000600,000650,000700,000750,000800,000850,000900,000950,000

1,000,000

Q1-2015 Q2-2015 Q3-2015 Q4-2015

Vaca

ncy

Rate

(%

)

Leasi

ng A

ctiv

ity

(SF

)

Total Vacancy & New/Expansion Leasing ActivityQ1-2015 - Q4-2015

$15.00$13.50

$12.00

$32.50 $32.00

$19.00

$25.46

$19.68

$16.77

$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

Class A Class B Class C

Aski

ng

Le

ase

Rate

(F

SG

)

Asking Lease Rate Range by Class (FSG)

0

5

10

15

20

25

30

35

40

45

100K+ 50-100K 25-50K

2

8

43

4

9

25

0 0 0

Largest Blocks of Available Space

Hillsborough Pinellas Polk

10.3%

14.9%

7.1%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

A B C

Va

ca

ncy

Ra

te (

%)

Vacancy Rate by Class

17,650

135,424

-73,059

-120,000

-70,000

-20,000

30,000

80,000

130,000

180,000

A B CN

et

Ab

sorp

tion

(S

F)

Net Absorption by Class

13.5%

12.1% 12.2% 12.1%

4%

6%

8%

10%

12%

14%

16%

2015 Q1 2015 Q2 2015 Q3 2015 Q4

Va

ca

ncy

Ra

te (

%)

Vacancy Rate by Quarter

513,400

265,562

81,941 80,015

0

100,000

200,000

300,000

400,000

500,000

600,000

2015 Q1 2015 Q2 2015 Q3 2015 Q4

Ne

t A

bso

rptio

n (

SF

)

Net Absorption by Quarter

11.7%

7.9%

2.8%

10.0%

15.6%

8.0%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

A B C

Va

ca

ncy

Ra

te (

%)

Vacancy Rate by Class

CBD Suburban