newmark grubb acres office snapshot...0 400,000 800,000 1,200,000 1,600,000 2,000,000 2,400,000 2013...

0 400,000 800,000 1,200,000 1,600,000 2,000,000 2,400,000 2013 2014 2015 2016 2017 2018 Q1 2019 OVERVIEW BY CLASS NOTABLE TRANSACTIONS - Q1 2019 PROPERTY NAME BUYER/TENANT SF TRANSACTION TYPE CITY CLASS Sandy Center Plaza Deeproot Technologies 58,689 Lease Sandy A Vista Station 1 Shape Security 13,854 Sublease Draper A Sandy Center Plaza Suncrest Health Services 12,694 Lease Sandy A Lindon Tech 5 Schuﬀ Steel, LLC 11,649 Lease Lindon A Grove Tower Dental Intel 10,614 Lease Pleasant Grove A NET ABSORPTION (SF) DIRECT VACANCY RATES ACHIEVED ACTUAL LEASE RATES (FS) 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 2013 2014 2015 2016 2017 2018 Q1 2019 Class A Class B $10.00 $14.00 $18.00 $22.00 $26.00 $30.00 2013 2014 2015 2016 2017 2018 Q1 2019 Class A Class B BUILDINGS DELIVERED IN Q1 2019 Q1 2019 CLASS DIRECT VACANCY RATES ACTUAL LEASE RATES PSF LEASED SF NET ABSORPTION (SF) A 3.14% $28.77 195,591 467,752 B 3.80% $21.03 14,183 32,903 * All average lease rates are square foot weighted averages and are grossed up to a full service yearly PSF equivalent. All lease transaction data includes renewals. PROPERTY PROPERTY NAME CLASS BUILDING SF North Slope One A 151,370 Thanksgiving Station 3 A 120,000 Urban Grove A 110,614 106 Exchange B 42,700 *All average lease rates are square foot weighted averages and are grossed up to a full service yearly PSF equivalent. All lease transaction data includes renewals. NEWMARK GRUBB ACRES OFFICE SNAPSHOT Q1 2019 TECH CORRIDOR, UTAH Q1 2018 Direct Vacancy Rate 7.00% Average Lease Rate PSF $23.83 Net Absorption SF 297,927 Q1 2019 Direct Vacancy Rate 3.23% Average Lease Rate PSF $27.20 Net Absorption SF 500,655 Q1 2019 VS Q1 2018 COMPARISON NET ABSORPTION DIRECT VACANCY RATE # OF LEASE TRANSACTIONS LEASED SF AVERAGE LEASE RATE PSF DELIVERED SF UNDER CONSTRUCTION SF 801.578.5555 www.ngacres.com

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400,000

800,000

1,200,000

1,600,000

2,000,000

2,400,000

2013 2014 2015 2016 2017 2018 Q12019

OVERVIEW BY CLASS

NOTABLE TRANSACTIONS - Q1 2019PROPERTY NAME BUYER/TENANT SF TRANSACTION

TYPE CITY CLASS

Sandy Center Plaza DeeprootTechnologies 58,689 Lease Sandy A

Vista Station 1 Shape Security 13,854 Sublease Draper A

Sandy Center Plaza Suncrest HealthServices 12,694 Lease Sandy A

Lindon Tech 5 Schuff Steel, LLC 11,649 Lease Lindon A

Grove Tower Dental Intel 10,614 Lease PleasantGrove A

NET ABSORPTION (SF)

DIRECT VACANCY RATES ACHIEVED ACTUAL LEASE RATES (FS)

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

2013 2014 2015 2016 2017 2018 Q12019

Class A Class B

$10.00

$14.00

$18.00

$22.00

$26.00

$30.00

2013 2014 2015 2016 2017 2018 Q12019

Class A Class B

BUILDINGS DELIVERED IN Q1 2019

Q1 2019

CLASS DIRECT VACANCYRATES

ACTUAL LEASERATES PSF

LEASED SF

NET ABSORPTION

(SF)

A 3.14% $28.77 195,591 467,752

B 3.80% $21.03 14,183 32,903

* All average lease rates are square foot weighted averages and are grossed up to a full service yearly PSF equivalent. All lease transaction data includes renewals.

PROPERTY PROPERTY NAME CLASS BUILDING SF

North Slope One A 151,370

Thanksgiving Station3 A 120,000

Urban Grove A 110,614

106 Exchange B 42,700

*All average lease rates are square foot weighted averages and are grossed up to a full service yearly PSF equivalent. All lease transaction data includes renewals.

NEWMARK GRUBB ACRESOFFICE SNAPSHOT Q1 2019TECH CORRIDOR, UTAH

Q1 2018Direct Vacancy Rate

7.00%Average Lease Rate PSF

$23.83Net Absorption SF

297,927

Q1 2019Direct Vacancy Rate

3.23%Average Lease Rate PSF

$27.20Net Absorption SF

500,655

Q1 2019 VS Q1 2018COMPARISON NET

ABSORPTIONDIRECT

VACANCYRATE