1. Grove Hall Development Project Commercial Market Analysis By: Greg Humes Matt Holt Eric Johnson

2. Grove Hall Project Boston Main Streets – Office Lease Trends District Feb. ’00 Feb. ‘01 Feb. ‘02 Brighton$16$15 - $20$15 - $25 Dudley Sq.N.A$25 - $32$15 - $35 East Boston$9 - $13$10 - $15$12 - $15 Grove Hall$7 - $12$22 S. BostonN.A.$15 - $18$17 - $25 City of Boston – Dept. of Neighborhood Development

3. Grove Hall Project Banker & Tradesman

4. Grove Hall Project Banker & Tradesman

5. Grove Hall Project Boston Main Streets – Retail Lease Trends District Feb. ’00 Feb. ‘01 Feb. ‘02 Brighton$8 - $17$20 - $25$28 - $38 Dudley Sq.$15 - $25$16.75 - $25$18 - $28 East Boston$15 - $25$20 - $25$21 - $25 Grove Hall$9 - $16$20 - $24$15 - $25 S. BostonN.A.$18 - $37$22 - $38 City of Boston – Dept. of Neighborhood Development

6. Grove Hall Project Retail Marketplace Grove Hall Project Retail Marketplace Area is dominated by local business owners Grove Hall Gateway established large chain businesses -CVS, Hollywood Video New building should attract both local stores(upgrade) and larger chains

7. Grove Hall Project Retail Space Pre-construction Daycare - 10,000 SF of storefront space facing Blue Hill Avenue Post Office - 6,000 SF One or two hair salons Apartment rental/management

8. Grove Hall Project Commercial – 2nd Floor to be constructed for residential conversion for future office space Retail Rates – priced at $15 SF – Future growth rate 3%