Downtown Tampa Skyline Review a QUARTERLY ANALYSIS / 4TH QUARTER 2014

Colliers International | Tampa Bay Florida Downtown Tampa Skyline Review A QUARTERLY ANALYSIS / 4TH QUARTER 2014

Accelerating success. Tampa Bay Florida FLOOR FLOOR 42 Direct Sublease 42 41 41 40 40 39 39 38 38 37 37 36 36 35 35

34 34 33 4,742 33 32 3,800 32 31 3,397 4,109 31 30 3,121 786 30 29 7,420 29 28 1,236 28 27 27 26 1,280 / 2,851 / 1,511 670 26 25 12,836 22,266 (Avail. May 2015) 25 24 5,161 / 4,517 / 2,126 1,847 / 6,355 / 992 / 1,239 24 23 4,912 7,577 / 1,937 7,178 23 22 14,275 16,202 22 21 917 736 / 1,134 21 20 12,275 5,708 20 19 2,719 16,235 19 18 14,275 3,511 4,163 18 17 8,590 4,822 3,228 17 16 2,645 1,452 / 3,485 16 15 5,832 15 14 9,301 499 / 2,095 / 4,390 1,610 14 13 3,786 / 1,949 5,861 No 13th Floor No 13th Floor No 13th Floor No 13th Floor 2,803 13 12 1,640 19,514 9,371 2,105 / 15,635 12 11 1,935 / 1,338 3,046 2,454 1,345 11 Parking Garage 10 1,758 / 1,098 / 2,688 / 1,130 / 2,766 / 1,353 16,489 11,610 10 9 4,757 15,598 9 8 7,288 12,832 10,611 / 2,331 2,900 16,369 8 7 7,395 2,787 1,558 / 3,401 / 789 1,943 16,369 7 Parking Garage 6 7,360 14,161 3,133 9,580 16,369 6 5 7,000 5 Parking Garage 4 Parking Garage 5,452 4,392 4 3 1,489 / 2,246 / 6,519 696 11,999 3 2 3,708 (Mezz) 2 1 2,712 / 236 789 / 723 / 1,574 8,724 1 Total Building Size (RSF) 475,557 SF 387,477 SF 745,911 SF 527,237 SF 789,636 SF 272,714 SF 308,580 SF 552,080 SF 515,965 SF Asking Rates (FS) $22.00 - $23.00 $25.00 $25.00 - $28.00 $28.00 - $30.00 $27.00 - $30.00 $23.50 - $26.00 $21.00 - $25.00 $28.00 - $29.00 $23.00 Avg. Floor Plate 14,275 SF 20,195 SF 15,658 SF 19,579 SF 20,155 SF 14,353 SF 14,953 SF 22,000 SF 16,644 SF Year Built 1973 1984 1981 1982 1986 1981 1981 1992 1988 Available Space (RSF) 78,980 SF - 30,766 SF 4,822 SF 76,090 SF - 64,110 SF - 84,187 SF 3,800 SF 36,778 SF 3,133 42,762 SF 17,541 SF 33,537 SF 7,848 SF 97,075 SF - Occupancy (%) 83.39% 90.82% 89.80% 87.84% 88.86% 85.36% 80.46% 92.50% 81.19% LEED Gold - EB LEED Gold - EB LEED Gold - EB LEED Silver - EB Energy Star 97% Energy Star Energy Star Energy Star Energy Star Energy Star

Tampa Bay Florida

Park Tower Wells Fargo Center Tampa City Center Sun Trust Bank of America Fifth Third Center 501 E. Kennedy 100 N. Tampa Rivergate Tower

This information is believed to be accurate. We are not responsible for misstatements of facts, errors or omissions, prior sale, changes of price or withdrawal from the market without notice. © Copyright Colliers International 2015 Financial Centre Plaza COLLIERS INTERNATIONAL 1 park tower tampa bay florida One Urban Centre 2 wells fargo center 4830 W. Kennedy Blvd. Tampa Bay Florida Suite 300 3 tampa city center Tampa, FL 33609 4 sun trust financial ctr www.colliers.com/tampabay 5 bank of america plaza

6 fifth third center 9 1 7 501 E. Kennedy

8 100 north tampa 5 9 rivergate tower

6 3 8 4 7

Park tower Wells Fargo Center Tampa City Center sun trust bank of america 400 N. Tampa Street 100 S. Ashley Drive 201 N. Franklin Street financial centre plaza 36 Floors 22 Floors 38 Floors 401 E. Jackson Street 101 E. Kennedy Boulevard 78,980 SF Available 35,588 SF Available 76,090 SF Available 36 Floors 40 Floors 16.61% Vacant 9.18% Vacant 10.20% Vacant 64,110 Available 87,987 SF Available 12.16% Vacant 11.14% Vacant

1 2 3 4 5

fifth third center 501 E. Kennedy 100 north tampa rivergate tower 201 E. Kennedy Boulevard 501 E. Kennedy Boulevard 100 N. Tampa Street 400 N. Ashley Drive 19 Floors 19 Floors 42 Floors 31 Floors 36,778 SF Available 60,303 SF Available 41,385 SF Available 97,075 SF Available 14.63% Vacant 19.54% Vacant 7.50% Vacant 18.81% Vacant

6 7 8 9

© 2014 Colliers International Tampa Bay Florida COLLIERS INTERNATIONAL | TAMPA BAY FLORIDA Westshore Submarket Review Floor-by-Floor Lease Space Analysis | 4th Quarter 2014 Class “A” Office Properties | $23 - $30 Asking Rate Category

Accelerating success. Tampa Bay Florida Westshore Submarket Class “A” Office Buildings | $23 - $30 PSF Category 4th Quarter 2014 | Submarket Snapshot Tampa Bay Florida DIRECT SUBLEASE

FLOORS

12 20,959

11 7,926

10 9,790 5,957 841 / 4,027 / 1,989

9 1,572

8 8,607 1,840 8,387

7 2,434 24,225

6 1,862 2,256 / 2,203 / 7,620 1,190 / 3,361

5 6,947 2,770 24,188 7,831 / 4,183

4 1,230 / 2,160 / 2,904 3,212 4,349 3,275

3 6,806 2,974 5,223 9,476 / 7,815 3,482 / 3,119 14,030

2 4,231 1,887 / 2,855 / 2,168 2,040 / 3,267 1,699 1,681 / 3,322 / 2,393

1 5,568 909 / 1,840 4,024 2,157

Total Bldg Size (RSF) 181,014 205,049 245,022 249,797 252,364 199,554 172,055 220,245 129,728

Asking Rates (FS) $24.00 - $28.00 $28.00 $25.00 - $30.00 $25.00 - $29.00 $30.00 $23.50-25.50 $23.50 $23.50 $25.00 - $26.00

Avg. Floor Plate 23,228 30,000 19,951 21,000 25,329 22,000 19,000 24,000 17,000 Avail. Space (RSF) 16,763 6,947 48,169 26,802 17,634 22,719 13,997 78,871 26,697

Occupancy (%) 90.74% 96.61% 80.34% 89.27% 93.01% 88.62% 91.86% 64.19 79.42%

1 2 3 4 5 6 7 8 9

Rocky Point Harborview Plaza Waterford Plaza Island Center The Pointe Meridian One Meridian Two Meridian Three Westshore 500 Centre 3031 N Rocky 7650 W 3030 N Rocky Point Drive Courtney Campbell 2701 N Rocky 2502 N Rocky 4350 W 4300 W 4200 W 500 N Point Drive Causeway Point Drive Point Drive Cypress Street Cypress Street Cypress Street West Shore Blvd NOTE: Statistics based on all Class “A” office properties in the Westshore submarket. % $27.53 299,431 41 12.9 Avg. Asking Rate / FS Net Absorption YTD Direct Vacancy Class “A” Buildings % Class “A” 98,753 Overall Market 7.8 13.7 Net Absorption Million Sq. Ft. Total Vacancy Sq. Ft. - Q4 FLOORS 13

12 20,800 11

10 2,449 / 8,304 2,407 3,261 3,009 3,116 / 1,219

9 9,971 4,952

8 1,963 3,178 3,517

7 6,990 / 8,575 4,935 3,517 6,431 4,478 1,116

6 1,466 8,074 1,032

5 9,929 5,048 4,763

4 7,846 1,887 6,327 14,418

3 2,235 15,565 2,111 8,043 2 2,545 / 1,226 5,476 2,246 / 913 4,084 3,031 2,240 / 2,953 1 1,545 / 1,015 2,163 2,665 1,580 9,605

Total Bldg Size (RSF) 169,619 101,626 145,923 182,214 215,523 216,332 183,031 254,808

Asking Rates (FS) $23.50 - $25.50 $23.00 - $26.00 $23.00 - $26.00 $25.00 - $26.00 $24.50 - $26.50 $23.00 - $25.00 $23.50-$25.00 $24.00 - $25.00

Avg. Floor Plate 16,000 15,565 14,600 16,500 23,947 22,450 20,336 21,550

Avail. Space (RSF) 12,988 43,619 14,353 18,088 27,104 33,280 8,680 4,335

Occupancy (%) 92.34% 57.08% 90.16% 90.07% 87.42% 84.62% 95.26% 98.30%

10 11 12 13 14 15 16 17

Westshore Towers at Towers at Tower Place Westshore Center Lincoln Center Bridgeport Center Tampa Commons Corporate Center Westshore I Westshore II 600 N 1410 N 1408 N 1511 N 1715 N 5401 W 5201 W 1 North West Shore Blvd West Shore Blvd West Shore Blvd West Shore Blvd West Shore Blvd Kennedy Blvd Kennedy Blvd Dale Mabry Hwy

This information is believed to be accurate. We are not responsible for misstatements of facts, errors or omissions, prior sale, changes of price or withdrawal from the market without notice. © Copyright Colliers International 2014 COURTNEY CAMPBELL CAUSEWAY TO ROCKY POINT 1 ROCKY POINT CENTRE TAMPA 2 HARBORVIEW PLAZA 3 WATERFORD PLAZA 2 INTERNATIONAL AIRPORT INTERNATIONAL 4 ISLAND CENTER 1 PLAZA & 5 THE POINTE 3 BAY STREET 6 MERIDIAN ONE

D 7 MERIDIAN TWO V 4 L 8 MERIDIAN THREE T B OU 9 WESTSHORE 500 5 W SPRUCE ST W BOY SC 10 WESTSHORE CORP CENTER ROCKY POINT 14 11 TOWERS AT WESTSHORE I 12 TOWERS AT WESTSHORE II 13 TOWER PLACE 13 14 WESTSHORE CENTER 11 12 15 LINCOLN CENTER NORTH M 16 BRIDGEPORT CENTER E M 17 TAMPA COMMONS O R N WESTSHORE BLVD IA L W CYPRESS ST H W 6 7 8 Y 10

9 N LOIS AVE

WESTSHORE PLAZA

15 16 GE W KENNEDY BLVD RID 17 D B AT NEXT LAN ANK INTERSECTION FR ARD HOW

COLLIERS INTERNATIONAL | TAMPA BAY FLORIDA One Urban Centre 4830 W. Kennedy Blvd. | Suite 300 Tampa, FL 33609 Tampa Bay Florida Office 813 221 2290 | Fax 813 224 9403 Accelerating Success www.colliers.com/tampabay COLLIERS INTERNATIONAL | TAMPA BAY FLORIDA Westshore Submarket Review Floor-by-Floor Lease Space Analysis | 4thQuarter 2014 Class “A+” Office Properties | $28 - $32 Asking Rate Category

Accelerating success. Tampa Bay Florida Westshore Submarket Class “A+” Office Buildings | $28 - $32 PSF Category 4th Quarter 2014 | Submarket Snapshot Tampa Bay Florida

Direct Sublease 41 FLOORS Class “A” Buildings Overall Market 11

9 4,071 5,368 5,485 19,131 1,576 / 770 7.8 Million Sq. Ft. 8 774

7 9,931 Single Tenant Build-to-Suit 2,280 / 6,688 % 6 23,432 8,138 Occupied by 5,100 14.2 Price Waterhouse Direct Vacancy 5 14,740 / 8,679 30,819 1,811 4,534 Cooper (PWC) 4 1,487 2,044 11,163 / 6,945 30,689 14,809 / 7,018 18,835 3,350 2,587 2,901 / 2,441 9,410 / 16,498 3 3,638 3,738 14,397 7,652 / 11,896 % 1,672 10,961 14.9 2 32,599 14,605 30,006 5,173 13,996 Total Vacancy

1 2,072 3,904 / 4,529 2,969 / 3,761 8,472 3,414 3,335

Total Bldg Size (RSF) 250,000 250,000 240,320 390,698 286,111 290,101 250,097 278,100 269,954 264,922 209,079 Asking Rates (FS) 42,726 $32.50 - $28.50 $32.00 $32.00 $32.00 $32.00 $30.00 $30.00 $31.00 $30.00 Net Absorption Sq. Ft. 3rd Quarter Avg. Floor Plate 27,974 25,000 23,432 65,116 29,984 28,700 32,000 32,000 32,000 25,000 30,000

Avail. Space (RSF) 9,196 - 39,930 96,009 89,511 86,390 3,414 63,021 58,083 4,398 7,869

Occupancy (%) 96.32% 100% 83.38% 75.43% 68.71% 70.22% 98.63% 77.34% 78.48% 98.34% 96.24% 200,678 Net Absorption YTD 1 2 3 4 5 6 7 8 9 10 11 $27.06 Avg. Asking Rate / FS Class “A” MetWest One MetWest Two One MetroCenter Corporate Corporate Corporate Corporate One Urban Two Urban Bayport Plaza Highwoods Center One Center Two Center Three Center Four Centre Centre Bay Center 1 4030 West 4040 West 4010 West 2202 N 4211 West 4221 West 4301 West 4830 West 4890 West 3000 Bayport 5426 Bay Center Boy Scout Blvd Boy Scout Blvd Boy Scout Blvd West Shore Blvd Boy Scout Blvd Boy Scout Blvd Boy Scout Blvd Kennedy Blvd Kennedy Blvd Drive Drive

NOTE: Statistics based on all Class “A” office properties in the Westshore submarket. This information is believed to be accurate. We are not responsible for misstatements of facts, errors or omissions, prior sale, changes of price or withdrawal from the market without notice. © Copyright Colliers International 2015 COURTNEY CAMPBELL CAUSEWAY TAMPA INTERNATIONAL AIRPORT 6 5 3 D INTERNATIONAL 7 LV 2 10 B 1 T PLAZA & U O BAY STREET C S M E Y M O O B R 4 W IA W SPRUCE ST L HW Y N LOIS AVE

N WESTSHORE BLVD

1 METWEST ONE NORTH 2 METWEST TWO M E M 3 ONE METRO CENTER O R IA 4 CORPORATE CENTER ONE L W CYPRESS ST H W 5 CORPORATE CENTER TWO Y

6 CORPORATE CENTER THREE

7 CORPORATE CENTER FOUR

8 ONE URBAN CENTRE

9 TWO URBAN CENTRE WESTSHORE 10 BAYPORT PLAZA PLAZA 11 HIGHWOODS BAY CENTER I GE W KENNEDY BLVD RID D B LAN 9 ANK FR ARD 11 8 HOW

COLLIERS INTERNATIONAL | TAMPA BAY FLORIDA One Urban Centre 4830 W. Kennedy Blvd. | Suite 300 Tampa, FL 33609 Accelerating Success Tampa Bay Florida Office 813 221 2290 | Fax 813 224 9403 www.colliers.com/tampabay COLLIERS INTERNATIONAL | TAMPA BAY FLORIDA Westshore Submarket Review Floor-by-Floor Lease Space Analysis | 4th Quarter 2014 Class “A/B” Low-Rise Office Properties

Accelerating success. Tampa Bay Florida Westshore Submarket Class “A/B” Low-Rise Office Buildings 4th Quarter 2014 | Submarket Snapshot Tampa Bay Florida

DIRECT SUBLEASE

FLOORS

3 37,500 7,387 6,415 Single Tenant Chase Bank 2 34,321 / 3,179 794 / 2,351 2,774 20,000-45,114

10,347 / 11,110 4,384 / 1 3,177 1,976 / 5,505 / 4,136 2,670 4,474 / 7,066 / 2,249 1,861 8,060 1,028 / 3,243 17,198 Total Bldg Size 107,404 75,821 98,030 96,016 64,650 118,397 100,992 134,466 135,666 75,988 (RSF) Asking Rates $23.50 $23.50 $21.50 $20.00 $23.00 N/A $24.00 $25.00 N/A $23.00 (FS) Avg. Floor 35,800 25,273 33,348 34,000 21,971 39,274 50,400 32,460 33,917 37,994 Plate Available 100,728 3,177 19,004 12,230 16,563 0 1,861 948 0 29,642 Space (RSF) Occupancy (%) 6.22% 95.81% 79.59% 87.26% 74.38% 100% 98.16% 100% 100% 60.99%

Parking Ratio 6.50 5.0 4.50 4.00 5.00 5.50 4.00 4.00 5.22 4.83 per 1,000 SF Bldg Class B B B B B B A A B B 1 2 3 4 5 6 7 8 9 10

SUNFOREST I SUNFOREST II PRESIDENT’S ONE MEMORIAL MEMORIAL ANCHOR PLAZA FOUNTAIN FOUNTAIN INDEPENDENCE PLAZA II PRESIDENT’S CENTER II CENTER I SQUARE II SQUARE I CENTER I 5130 Eisenhower 5110 Eisenhower 4904 Eisenhower PLAZA 4921 Memorial 4919 Memorial 4343 Anchor 4925 4915 4805 Blvd. Blvd. Blvd. 4902 Eisenhower Hwy. Hwy. Plaza Pky. Independence Independence Independence Blvd. Pky. Pky. Pky.

This document has been prepared by Colliers International Tampa Bay Florida for advertising and general information only. Colliers International | Tampa Bay Florida makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International | Tampa Bay Florida excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved. DIRECT SUBLEASE

FLOORS

7 10,695

6 30,064

5 30,064

4 19,165 3 3,260 / 2,987 11,467 16,966 2 2,281 / 3,071 5,000 49,357 18,182 2,981 1,100 1 3,242 / 2,377 / 2,743 10,965 / 5,535 2,325 / 10,569 49,356 18,489 7,488 2,765 497 3,550 Total Bldg Size 94,420 102,965 98,713 146,041 227,220 229,524 154,833 97,930 39,530 (RSF) Asking Rates $21.00 N/A $24.00 $24.00 $27.00 $26.00 $23.00 $23.00 $19.50 (FS) Avg. Floor 47,200 51,023 45,772 36,510 33,064 30,000 37,000 19,586 19,765 Plate Available 26,608 0% 98,713 36,671 96,025 19,265 19,165 3,478 4,650 Space (RSF) Occupancy (%) 71.82% 100% 0% 74.89% 57.74% 91.61% 87.62% 96.45% 88.24% Parking Ratio 4.00 6.50 5.20 5.00 5.00 4.00 5.00 3.50 5.00 per 1,000 SF Building Class B B B B A A A B B 11 12 13 14 15 16 17 18 19

HORIZON PARKSIDE LAKESIDE THE PAVILION LAKEPOINTE LAKEPOINTE SPECTRUM KENNEDY 1300 BUILDING TWO ONE CENTER WESTSHORE 4511 N. Himes 4401 N. Himes 3407 W. 3405 W. 3111 W. 3109 W. 3101 W. 5100 1300 N. Ave. Ave. Martin Luther Martin Luther Martin Luther Martin Luther Martin Luther W. Kennedy Westshore Blvd. King Jr. Blvd. King Jr. Blvd. King Jr. Blvd. King Jr. Blvd. King Jr. Blvd. Blvd. Buildings #11 - #17 Comprise the Tampa Bay Park % % 147,792 279,846 $24.00 Net Absorption YTD 212 14.9 13.1 13.7 Net Absorption Avg. Asking Rate / FS Office Buildings Million Sq. Ft. Direct Vacancy Total Vacancy Sq. Ft. - Q3 Overall Market

Accelerating Success NOTE: Statistics based on overall Class A, B and C office properties in the Westshore submarket. 2 W HILLSBOROUGH AVE

1 N HIMES AVE 3 TAMPA BAY PARK NORTH 4

14 11 17 13 15 5 6 12 16 TAMPA INTERNATIONAL 7 AIRPORT W DR. MARTIN LUTHER KING JR. BLVD 8 9 10

EISENHOWER BLVD

1 SUNFOREST I 2 SUNFOREST II 3 PRESIDENT’S PLAZA II 4 ONE PRESIDENT’S PLAZA 5 MEMORIAL CENTER II INTERNATIONAL PLAZA & 6 MEMORIAL CENTER I BAY STREET D 7 ANCHOR PLAZA V COURTNEY CAMPBELL CAUSEWAY L TO ROCKY POINT B 8 FOUNTAIN SQUARE II UT CO 9 FOUNTAIN SQUARE I W BOY S N LOIS AVE N WESTSHORE BLVD 10 INDEPENDENCE CENTER I 11 HORIZON 12 PARKSIDE 19 13 LAKESIDE 14 THE PAVILION BUILDING 15 LAKEPOINTE TWO 16 LAKEPOINTE ONE 17 SPECTRUM 18 KENNEDY CENTER GE RID 19 1300 WESTSHORE D B WESTSHORE LAN ANK PLAZA FR W KENNEDY BLVD ARD HOW 18

. COLLIERS INTERNATIONAL | TAMPA BAY FLORIDA One Urban Centre 4830 W. Kennedy Blvd. | Suite 300 Tampa, FL 33609 Tampa Bay Florida Office 813 221 2290 | Fax 813 224 9403 Accelerating Success www.colliers.com/tampabay COLLIERS INTERNATIONAL | TAMPA BAY FLORIDA EAST TAMPA SKYLINE REVIEW Floor-by-Floor Lease Space Analysis | Q4 2014

Accelerating success. Tampa Bay Florida East Tampa Submarket 4th Quarter | Submarket Snapshop Tampa Bay Florida DIRECT SUBLEASE

FLOORS

5 15,485 2,312

4 26,995 3,818

3 976 / 2,107 / 923 726 / 867 / 1,198 1,155 / 1,053 / 2,197 3,222 / 1,408 / 726 3,884 / 15,889 8,904

2 1,529 / 19,548 1,756 / 1,406 5,443 6,086 29,082 / 870 1 5,106 / 1,588 1,781 / 6,793 2,995 / 1,021 8,060 5,221 1,300 2,114 Total Bldg Size 187,992 85,063 58,781 58,319 134,345 124,597 102,000 128,376 125,318 98,472 (RSF) Asking Rates - $18.00-$20.00 $18.00 $18.00 $19.00 $22.50-$23.50 - $22.50-$23.50 $22.50-$23.50 $22.50-$23.50 (FS) Avg. Floor 62,000 58,810 19,594 19,440 26,869 31,149 34,000 32,094 31,329 32,415 Plate Available - 29,651 8,411 15,325 71,061 11,878 0 7,755 14,990 31,252 Space (RSF)

Occupancy (%) 100% 65.14% % % 47.11% 90.47% 100% 93.96% 88.03% 68.26%

1 2 3 4 5 6 7 8 9 10

Lakeview Center Eastpointe Registry Two Registry One Atrium Highland Oaks I Highland Oaks III Highland Oaks IV Highland Oaks II Highland Oaks V 6700 Lakeview 3802 Corporex 9950 Princess 10002 Princess 10117 Princess 10150 Highland 4041 Park Oaks 4042 Park Oaks 10210 Highland 10401 Highland Center Dr. Park Dr. Palm Ave. Palm Ave. Palm Ave. Manor Dr. Blvd. Blvd. Manor Dr. Manor Dr.

% % 57,374 36,709 $22.25 Net Absorption YTD 30 3.7 20.2 20.3 Net Absorption Avg. Asking Rate / FS Office Buildings Million Sq. Ft. Direct Vacancy Total Vacancy Sq. Ft. - Q4 Overall Market

Accelerating Success NOTE: Statistics based on overall Class A, office properties in the I-75 Corridor.

1 LAKEVIEW CENTER 2 EASTPOINTE 3 REGISTRY TWO 4 REGISTRY ONE 5 ATRIUM 6 HIGHLAND OAKS I 7 HIGHLAND OAKS III 8 HIGHLAND OAKS IV 9 HIGHLAND OAKS II 10 HIGHLAND OAKS V

. COLLIERS INTERNATIONAL | TAMPA BAY FLORIDA One Urban Centre 4830 W. Kennedy Blvd. | Suite 300 Tampa, FL 33609 Tampa Bay Florida Office 813 221 2290 | Fax 813 224 9403 Accelerating Success www.colliers.com/tampabay COLLIERS INTERNATIONAL | TAMPA BAY FLORIDA NORTHEAST TAMPA SKYLINE REVIEW Floor-by-Floor Lease Space Analysis | Q4 2014

Accelerating success. Tampa Bay Florida Northeast Tampa Submarket 4th Quarter | Submarket Snapshop Tampa Bay Florida

DIRECT SUBLEASE FLOORS

6 23,472 5 5,444 / 6,934 9,647 / 1,201

4 Single Tenant 6,430 / 5,816 3 2,208 / 5,380 Occupancy Single Tenant 3,116 8,375 23,472 45,000 100-600 699 / 810 (Syniverse) Occupancy (Met 1,208 2 22,661 Life) 5,000 7,290 4,500-16,077 45,000 1,593 Owner 1 2,695 / 1,259 4,978 / 4,528 4,727 4,730 Occupied 45,000 2,964 / 1,104 1,699 6,151 1,507 5,271 Total Bldg Size 66,330 150,285 115,230 85,820 150,060 137,433 25,536 135,000 125,590 (RSF) Asking Rates $22.00 N/A N/A $22.00 $23.00 $23.00 - $15.50 NNN $24.00 (FS) Avg. Floor 22,110 - 28,750 28,606 24,718 22,905 12,500 45,000 25,365 Plate Available 31,758 0 0 11,570 43,568 69,009 0 135,000 4,068 Space (RSF)

Occupancy (%) 52.12% 100% 100% 86.52% 70.97% 49.79% 100% 0% 96.76% 1 2 3 4 5 6 7 8 9

Burnes & Wilcox Highwoods Highwoods Palm Lake at Corporate Center Corporate Center 8675 Hidden 8800 Hidden Lakeview at 18302 Highwoods Preserve I Preserve VII Tampa Palms Three Two River Pkwy. River Pkwy. Hidden River Preserve 8125 Highwoods 18216 Crane Nest 15310 Amberly 14055 Riveredge 14025 Riveredge 8875 Hidden Palm Way Dr. Dr. Dr. Dr. River Pkwy.

FLOORS

6 4,023

5 11,946 / 10,917 18,098 / 18,420

4 16,230 8,137 4,994 / 33,275

3 23,577 30,551 36,080 15,336

2 13,022/1,458 21,568 41,835 30,008 16,373 / 16,288 12,402 68,158 1 4,316 / 4,534 1,615 / 2,439 15,197 / 7,613 6,438 / 3,665 3,162 / 2,034 14,177/14,098 27,212 / 3,007 5,699 / 940 1,249/7,164 35,000 27,212 / 16,860 4,260 / 5,232 6,132 / 119 5,624 3,775 3,257 43,523 6,372 Total Bldg Size 134,174 79,690 90,000 200,000 170,195 104,082 164,752 934,457 344,467 (RSF) Asking Rates $23.00 $18.00 $23.50 - $21.00-$22.00 $23.00 $23.00-$24.00 $16.50 MG $16.50 MG (FS) Avg. Floor 22,529 39,696 30,000 50,000 36,000 34,650 41,188 467,229 344,467 Plate Available 106,603 52,140 88,993 0 58,533 23,789 77,569 107,093 80,663 Space (RSF)

Occupancy (%) 21.14% 34.57% 1.12% 100% 65.61% 77.14% 52.92% 88.54% 76.58%

10 11 12 13 14 15 16 17 18

Corporate Center Oakview Center Park Centre Intellicenter - Riverside at Tampa Oaks II Tampa Oaks One NetPark Interstate One 13101 Telecom 13010 Telecom Tampa Phase I Telecom Park 12906 Tampa 12802 Tampa 5701 E. Corporate Center 8800 Grand Oak Dr. Dr. 12653 Telecom 12470 Telecom Oaks Blvd. Oaks Blvd. Hillsborough Ave 6302 E. Dr. MLK Circle Dr. Dr. Blvd.

% % 57,374 36,709 $22.25 Net Absorption YTD 30 3.7 20.2 20.3 Net Absorption Avg. Asking Rate / FS Office Buildings Million Sq. Ft. Direct Vacancy Total Vacancy Sq. Ft. - Q4 Overall Market

NOTE: Statistics based on overall Class A, office properties in the I-75 Corridor. Accelerating Success NORTH

1 BURNES & WILCOX 2 HIGHWOODS PRESERVE I 3 HIGHWOODS PRESERVE VII 4 PALM LAKE AT TAMPA PALMS 5 CORPORATE CENTER THREE 6 CORPORATE CENTER TWO 7 8675 HIDDEN RIVER PARKWAY 8 8800 HIDDEN RIVER PARKWAY 9 LAKEVIEW AT HIDDEN RIVER 10 CORPORATE CENTER ONE 11 OAKVIEW CENTER 12 PARK CETNRE 13 INTELLICENTER - TAMPA PHASE I 14 RIVERSIDE AT TELECOM PARK 15 TAMPA OAKS II 16 TAMPA OAKS ONE 17 NETPARK 18 INTERSTATE CORPORATE CENTER