1. MarketBeat Graphs
Q4 2017

2. MarketBeat Graphs Q4 2017 Office Market Graphs Slide 2
Industrial Market Graphs Slide 8
Retail Market Graphs Slide 14

3. Office Market Graphs
Q4 2017

4. Office: Net Absorption/Asking Rent
4Q Trailing Average

5. Office: Overall Vacancy

6. Office: New Supply

7. Office: Asking Rent by Market
Highest Priced U.S. Markets

8. Office: Vacancy by Market
Select Markets in the U.S.

9. Industrial Market Graphs
Q4 2017

10. Industrial: Net Absorption/Asking Rent
4Q Trailing Average

11. Industrial: Overall Vacancy

12. Few Signs of Overbuilding
2017 Deliveries by Type & Year-over-year Change in Vacancy

13. Demand in Line with Supply in Many Markets
2017 Net Absorption and New Deliveries (All Types, % of Inventory)

14. Rebalancing of Vacancy Will Occur Slowly
Current Construction Compared to 5-Year Absorption Average

15. Retail Market Graphs
Q4 2017

16. Retail: Rental Rate vs. Vacancy

17. Retail: Availability by Type

18. Retail: Deliveries and Space Under Construction
MSF