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Office market Industrial

Barnet Brent Ealing H & F Harrow Hillingdon Hounslow NW London London NW London

Rent Per SF £20.67 £24.95 £33.76 £49.97 £24.09 £32.22 £36.30 £38.20 £49.61 £12.96

Vacancy Rate 5.5% 2.5% 2.6% 11.5% 1.4% 11.0% 9.4% 7.9% 5.7% 4.1%

Vacant SF 217,326 81,764 171,248 1,153,645 39,911 1,040,320 961,135 3,655,039 21,427,398 2,896,536

Office market Industrial

CoStar rating Barnet Brent Ealing H & F Harrow Hillingdon Hounslow NW London London NW London

1 0.0% 0.0%- - 0.0%- - 0.1% 0.1% 2.8%

2 0.8% 5.1% 0.3% 0.9% 2.0% 2.9% 1% 1.7% 2.1% 1.4%

3 7.6% 2.3% 1.5% 5.7% 1.6% 4.9% 5.7% 4.5% 4.0% 3.8%

4 0.6% 0.0% 8% 17.0% 0.0% 15.8% 17.3% 14.8% 7.9% 12.1%

5- - - 38.8%- 43.3% 7.6% 21.2% 5.6% 30.0%

Overall vacancy rates 5.5% 2.5% 2.6% 11.5% 1.4% 11.0% 9.4% 7.9% 5.7% 4.1%

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Source: CoStar Group As of February 2018

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OFFICE INDUSTRIAL

Barnet Brent Ealing H&F Harrow Hillingdon HounslowNW London benchmark London benchmark NW London

Bldgs SF Bldgs SF Bldgs SF Bldgs SF Bldgs SF Bldgs SF Bldgs SF Bldgs SF Bldgs SF Bldgs SF

2017 586 3,953,428 327 3,284,484 339 6,582,621 665 10,044,225 245 2,782,754 418 9,569,201 426 10,280,648 3,006 46,497,361 21,474 372,559,237 2,960 71,292,428

2016 587 3,985,444 327 3,378,937 340 6,682,658 665 9,994,627 245 2,782,754 417 9,484,201 426 10,280,648 3,007 46,589,269 21,442 369,262,203 2,961 71,239,473

2015 589 4,065,645 326 3,365,821 340 6,682,658 664 9,836,411 242 2,755,487 417 9,391,763 427 10,441,336 3,005 46,539,121 21,440 368,074,172 2,948 70,550,715

2014 588 4,061,653 326 3,430,550 340 6,673,745 666 9,900,958 244 2,854,288 423 9,549,438 430 10,189,743 3,017 46,660,375 21,515 369,088,662 2,964 70,905,279

2013 586 4,053,485 327 3,445,813 339 6,656,062 673 9,985,673 245 2,867,157 422 9,548,314 435 10,408,548 3,027 46,965,052 21,590 368,153,214 2,972 71,368,249

2012 588 4,074,506 326 3,176,381 341 6,859,402 677 9,904,372 245 2,867,157 422 9,548,314 445 10,591,440 3,044 47,021,572 21,651 369,127,035 2,982 71,479,572

2011 587 4,151,354 324 3,172,900 340 6,848,874 677 9,904,372 244 2,863,917 422 9,475,115 440 10,283,200 3,034 46,699,732 21,623 368,036,979 2,973 71,126,944

2010 583 4,128,203 326 3,228,198 340 6,848,874 677 9,904,372 243 2,859,857 422 9,475,115 440 10,165,276 3,031 46,609,895 21,592 367,359,588 2,964 70,964,740

2009 581 4,125,570 326 3,228,198 338 6,690,467 672 9,784,842 243 2,859,857 420 9,469,561 441 10,207,514 3,021 46,366,009 21,534 363,575,120 2,956 70,753,995Change (absolute) 5 -172,142 1 56,286 1 -107,846 -7 259,383 2 -77,103 -2 99,640 -15 73,134 -15 131,352 -60 8,984,117 4 538,433

Change (%) 0.9 -4.4 0.3 1.7 0.3 -1.6 -1.1 2.6 0.8 -2.8 -0.5 1.0 -3.5 0.7 -0.5 0.3 -0.3 2.4 0.1 0.8