1. State of the Industry

2. U.S. Economy Year-End 2015 Forecast GDP – 2.6% Interest rates – 10-year Treasury notes to 2.4% Inflation – 1% Unemployment – 5.1% Retail sales growth – Flat (3.9% growth) Source: The Kiplinger Letter 5/22/2015

3. U.S. Office Market Vacancy at 15.6% and projected to go below 15% by year-end Leasing activity increased by 2.0% dominated by expansionary transactions Drivers are technology, followed by banking and finance STEM-based sectors comprised 35% of leasing volume in 1 st quarter with 75% of those leases post occupancy growth Rent growth in 90% of markets Source: JLL Office Outlook Q1 2015

4. Global Investment Main obstacles to acquiring assets – pricing, availability, competition 40% year-over-year growth in cross-regional capital flows APAC 40% EMEA38% Americas 37% Source: CBRE

5. “Green Olympics” Oxford and Arabesque Partners on impact of ESG practices: Lower a firm’s cost of capital (90% of studies) Improve operational performance (88%) Enhance relative stock prices (80%) Property Council of Australia/IPD Green Index – 70+ basis point total return premium for high environmental performance buildings NAREIT/Real Foundations – 29% to 40% ROI on capital invested in sustainability-oriented projects Singapore Government-NUS of recently retrofitted buildings – uptick in capital values of 2.7% for office and 2.3% for retail Source: APREA Dispatch 20 May 2015

7. Value of BOMA 360 and TOBY Source: CoStar Rental Rates Vacancy Rates

8. CRE Issues and Concerns

10. Repurposing and Utilization Images courtesy of Gensler

11. More than half want to reach the senior-most position at their current organization Only 28% feel their current organization is making full use of their skills Flexibility is key Satisfaction with position versus salary Everyone is essential Make an impact Employee retention Source: Deloitte Embracing the Millennials

12. Millennials Worldwide

13. Technology Changes in next 5 years will exceed past 20 Sensor technology will be in everything – cybersecurity 3D printing Artificial intelligence and robotics We are losing critical thinking Source: Jim Young, Realcomm

14. Ripple Intelligence Ability to anticipate and judge how, when and why contexts may interact to fundamentally disrupt the business To discern and connect disparate events, discover patterns and anticipate distant threats or opportunities Evaluate emerging trends – game-changing, transient, significant or slow-burn? New decisions create new ripples Source: Said Business School, University of Oxford and Heidrick & Struggles

15. Learning Laboratory: Gather, Share, Learn, Innovate