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Office Statistics // BROWARD OFFICE Q4 2014 Fort Lauderdale | Q4 2014 YTD completion (sf) Inventory (sf) Direct net absorption (sf) YTD direct net absorption (sf) Total net absorption (sf) YTD total net absorption (sf) YTD total net absorption (% of stock) Direct vacancy (sf) Direct vacancy (%) Total vacancy (sf) Total vacancy (%) Under Average asking construction / rent ($ psf) renovation (sf) CBD Class A 0 3,844,622 -4,716 172,867 3,366 205,028 5.3% 556,457 14.5% 561,731 14.6% $34.16 0 Class B 0 924,749 1,043 35,534 1,043 35,534 3.8% 114,108 12.3% 114,108 12.3% $26.32 0 Totals 0 4,769,371 -3,673 208,401 4,409 240,562 5.0% 670,565 14.1% 675,839 14.2% $33.05 0 40,000 Suburban Class A 0 9,801,118 45,372 276,994 49,519 309,987 3.2% 1,272,457 13.0% 1,355,040 13.8% $28.29 Class B 0 7,700,814 -27,087 -73,386 -27,776 -41,693 -0.5% 1,390,631 18.1% 1,446,698 18.8% $22.90 0 Totals 0 17,501,932 18,285 203,608 21,743 268,294 1.5% 2,663,088 15.2% 2,801,738 16.0% $25.52 40,000 Class A 0 13,645,740 40,656 449,861 52,885 515,015 3.8% 1,828,914 13.4% 1,916,771 14.0% $30.02 40,000 Class B 0 8,625,563 -26,044 -37,852 -26,733 -6,159 -0.1% 1,504,739 17.4% 1,560,806 18.1% $23.11 0 Totals 0 22,271,303 14,612 412,009 26,152 508,856 2.3% 3,333,653 15.0% 3,477,577 15.6% $26.97 40,000 Market Totals Fort Lauderdale Office Statistics - Q4 2014 • 2 CBD // BROWARD CBD YTD completion (sf) Inventory (sf) Direct net absorption (sf) YTD direct net absorption (sf) Total net absorption (sf) YTD total net absorption (sf) YTD total net absorption (% of stock) Direct vacancy (sf) Direct vacancy (%) Total vacancy (sf) Total vacancy (%) Under Average asking construction / rent ($ psf) renovation (sf) Downtown Class A 0 3,844,622 -4,716 172,867 3,366 205,028 5.3% 556,457 14.5% 561,731 14.6% $34.16 0 Class B 0 924,749 1,043 35,534 1,043 35,534 3.8% 114,108 12.3% 114,108 12.3% $26.32 0 Totals 0 4,769,371 -3,673 208,401 4,409 240,562 5.0% 670,565 14.1% 675,839 14.2% $33.05 0 Marc L. Miller Research Manager, Florida 200 East Broward Boulevard Suite 1030 Fort Lauderdale, FL 33301 tel +1 954 233 3427 fax +1 954 760 4845 [email protected] © 2014 Jones Lang LaSalle IP, Inc. All rights reserved. // 40