2019 OFFICE MARKET State of Downtown Downtown is the largest employment center in North with over 135,000 employees (and more than 250,000 in the city center) that work in diverse industries. was the top market in all of Dallas/Fort Worth in 2018 for net office leasing.

Downtown Dallas, Inc. (DDI) is a private, nonprofit organization serving as the primary advocate and champion for Downtown, ensuring that Downtown grows as a vibrant center of urban life, recognized locally and globally for the quality of its business, hospitality, entertainment, living, and cultural environments.

CLASS A CLASS B CLASS C 33M+ Square Feet 29 Buildings 56 Buildings 51 Buildings 23.5M Square Feet 7.5M Square Feet 2.5M Square Feet

“With its growing population, prime business climate, and great energy, Dallas is everything we want in a city. We are encouraged by the interest and excitement we’ve seen, which is why we’ve opened three offices in Dallas this year. We are especially excited to play a role in the revitalization of Downtown, which is one of the reasons why we opened our largest Dallas space in Thanksgiving Tower, which also serves as our Southern headquarters.” – Adam Wacenske, General Manager, WeWork

Sources: CoStar, Dallas Business Journal, Business Insider, EMSI downtowndallas.com / @DtownDallasInc / #MyDTD 2019 OFFICE MARKET State of Downtown $26.87 2018 VACANCY RATES $26.23 Year Vacancy 2017 $25.64 2010 23.60% 2016 2011 24.80% 2012 26.90% 2013 25.40%

2014 23.10% $23.67 2015 2015 22.90% $22.96 2016 23.20% 2014 2017 23.70% $22.24 2018 21.30% 2013 T HE L OWER U S T M OS IN R A R Y $20.93 Rents are 2008 $20.75 on the rise 2012 $20.07 2011 $19.66 2009 GROSS ASKING RENT (PER SQ FT) $19.13 2010

Renovations to update common areas, and add outdoor spaces, fitness centers, restaurants, and more help to attract and retain talent. 300 Companies Relocated or Renewed Leases in 2018

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“We know a lot of corporations have looked to the suburbs for sprawling campuses, and we like the feel of an urban campus. Our employees do too; it’s a great way for us to attract talent, which is really important for a technology company like AT&T. We like it, our chairman likes it, our employees like it.” Peterson credited collaboration with DDI and the City with AT&T’s ultimate decision to stay Downtown and invest in what’s being called the AT&T Discovery District. – Michael Peterson, Regional Vice President of External Affairs, AT&T

Source: CoStar

downtowndallas.com / @DtownDallasInc / #MyDTD 2019 OFFICE MARKET State of Downtown

Reliable & Redundant Power: Multiple power substations feed the Downtown Dallas electrical network with Need + 2 power to all Downtown buildings. It is virtually impossible to have a power outage in Downtown Dallas. CITY CENTER MAP HOW DOES DOWNTOWN SCORE?

Proximity matters: Employee satisfaction greatly improves when closer to amenities like museums, parks, and restaurants.

DOWNTOWN CONNECTED NEIGHBORHOODS 40+ 100+ 480+ 300+ Parks and Music Venues, Museums, Restaurants Shops Plazas and Galleries and Bars

“We’ve had a presence in Texas for more than 30 years, and relocating our corporate headquarters to Downtown Dallas meant we would benefit from a business-friendly economic environment that enables us to capitalize on the company’s high-performance culture and workforce. Our new HQ location ensures access to top talent and geographically positions us with access to our valued clients and partners around the world.” – Steve Demetriou, Chairman and CEO, Jacobs Engineering

Source: Dallas Business Journal downtowndallas.com / @DtownDallasInc / #MyDTD