Q4 2009 Office Property Market - New Westminster

Q4 2009 Office Property Market Trends

New Westminster - BC

Data Overview- Sources: - Altus InSite Office Market - Available Space History (1/25/2010) - Altus InSite Office Market - Occupancy Costs History (1/25/2010)

- This document should not be relied upon as a basis for entering transactions without seeking specific, qualified advice. Whilst facts have been rigorously checked, DTZ Barnicke can take no responsibility for any damage or loss suffered as a result of any inadvertent inaccuracy within this document.

Vacancy rates

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009

All Classes

Class A

Class B

Class C

Industrial market summary Q4 2009

Class Buildings Inventory (sq ft) Total available (sq ft) Vacancy rate Sublet available (sq ft) Sublet vacancy rateAll Classes 19 927,603 124,594 13.4% 41,369 4.4%

A 5 239,899 36,788 15.3% 0 0B 12 594,963 56,196 9.4% 41,639 7.0%C 2 92,741 31,637 34.1% 0 0

Q4 2009 vacancy by asset class type

Direct A22%

Direct B34%

Direct C19%

Sublet B25%

DTZ Barnicke Vancouver Limited800 - 475 West Georgia Street, Vancouver, B.C. V6B 4M9 Tel: (604) 684 7117 Fax: (604) 684 1017

Q4 2009 average asking face rates and additional rent costs

$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

All Classes A B

Average TMI ($/Sq ft)

Average Asking Rate ($/Sq ft)

0

20000

40000

60000

80000

100000

120000

140000

160000

180000

200000

Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009

(sq

ft)

Sublet Vacant

Direct Vacant

Direct and sublet vacancies

For more information please contact:Anthio Yuen, Director of ResearchAnthio.Yuen@DTZBarnicke.com(604) 630 3405

www.dtzbarnicke.com/vancouver