8/3/2019 Suburban Maryland AMERICAS Market Beat Industrial Q42011

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8/3/2019 Suburban Maryland AMERICAS Market Beat Industrial Q42011

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Cushman & Wakefield of Maryland, Inc.500 E. Pratt Street, Suite 500Baltimore, MD 21202

www.cushmanwakefield.com/knowledge

The market terms and definitions in this report are based on NAIOP standards.

No warranty or representation, express or implied, is made to the accuracy or completeness of theinformation contained herein, and same is submitted s ubject to errors, omissions, change of price, rental orother conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.

© 2012 Cushman & Wakefield, Inc. All rights reserved.

SUBURBAN MARYLAND

SUBMARKET INVENTORY OVERALL

VACANCY

RATE

YTD LEASING

ACTIVITY

YTD USER

SALES

ACTIVITY

UNDER

CONSTRUCTION

YTD

CONSTRUCTION

COMPLETIONS

YTD DIRECT

NET ABSORPTION

YTD OVERALL

NET ABSORPTION

DIRECT WEIGHT

AVERAGE N

RENTAL RA

**HT **MF OS W

North Bethesda/Rockville 8,401,432 9.5% 180,081 126,689 0 0 87,096 115,384 N/A N/A $15.71 $10.6

Gaithersburg/Germantown 9,276,255 11.1% 339,205 0 0 0 (55,905) (69,998) N/A N/A $13.95 $10.3

MONTGOMERYCOUNTY

17,677,687 10.3% 519,286 126,689 0 0 31,191 45,386 N/A N/A $14.75 $10.5

Beltsville/College Park 7,381,237 12.0% 202,238 80,836 0 0 (53,120) 771 N/A N/A $9.38 $6.3

Laurel 3,030,303 15.2% 48,000 0 0 0 90,174 87,644 N/A N/A $9.63 $6.9

Greenbelt 347,513 79.8% 0 0 0 0 0 0 N/A N/A $12.11 $0.0

Landover/Lanham

Bowie

Oxon Hill/Suitland

12,159,932

2,117,015

4,036,316

13.0%

19.2%

17.0%

301,774

27,277

258,903

0

0

39,900

141,226

0

69,000

0

0

0

(176,696)

(34,107)

165,347

(156,246)

(34,107)

165,347

N/A

N/A

N/A

N/A

N/A

N/A

$9.19

$7.62

$8.78

$6.7

$7.8

$5.9

PRINCE GEORGE’SCOUNTY

29,072,316 14.8% 838,192 120,736 210,226 0 (7,682) 63,409 N/A N/A $9.55 $6.5

TOTALS 46,750,003 13.1% 1,357,478 247,425 210,226 0 23,329 108,795 N/A N/A $11.34 $7.3

* RENTAL RATES REFLECT ASKING $PSF/YEAR **HIGH-TECH & MANUFACTURING INVENTORY DOES NOT EXIST IN THIS MARKET

OS = OFFICE SERVICE W/D = WAREHOUSE/DISTRIBUTION

MARKET HIGHLIGHTSSIGNIFICANT 2011 LEASE TRANSACTIONS SUBMARKET TENANT/BUYER PROPERTY TYPE SQUARE F

9821 Fallard Court Oxon Hill/Suitland A&M Supply Warehouse/Distribution 102,0

8520 Pepco Place Oxon Hill/Suitland TSI Warehouse/Distribution 69,0

6500 Sheriff Road Landover/Lanham GSA Warehouse/Distribution 51,1

SIGNIFICANT 2011 SALE TRANSACTIONS SUBMARKET BUYER PURCHASE PRICE SQUARE F

Portfolio Sale Various Area Property Partners $235,800,000 391,8

13200 and 13201 Mid Atlantic Boulevard Laurel Prudential $33,390,000 272,9

1100 and 1101 Hampton Park Boulevard Beltsville/College Park Hampton Park Boulevard LLC $21,000,000 189,1

SIGNIFICANT 2011 CONSTRUCTIONCOMPLETIONS

SUBMARKET MAJOR TENANT COMPLETION DATE SQUARE F

N/A

SIGNIFICANT PROJECTS UNDERCONSTRUCTION

SUBMARKET MAJOR TENANT COMPLETION DATE SQUARE F

9260 Alaking Court/Steeplechase A4 Landover/Lanham N/A 2Q12 92,6

8520 Pepco Place/TSI Building Oxon Hill/Suitland TSI 1Q12 69,0

1030 Hampton Park Boulevard/Steeplechase F1 Landover/Lanham N/A 2Q12 48,5

*RENEWAL-NOT INCLUDED IN LEASING ACTIVITY STATISTICS