Cushman & Wakefield presentation at San Diego Business Journal's 2016 Economic Trends Event

1. San Diego Office Market
Economic Trends
Tom van Betten
Managing Director
Tenant Representation
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Market Cycle
The vacancy for the entire office market in San Diego is 13.3% at year end, trending down.
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Market Update
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+14%

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Notable Transactions
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Vertex Pharmaceuticals

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Notable Transactions
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ViaSat

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The Irvine Company - Update
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The Irvine Company continues to focus on new development and reinvesting in its
current portfolio; adding amenities, remodeling lobbies and suites.

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The Irvine Company - Update
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UTC
• Rent growth of 4.5% over 2014, 58% increase since 2011
• Currently over 92% leased
• Only 1 full floor available in existing product
Downtown
• Rent growth of 12.7% over 2014, 23% increase since 2011
• Currently over 96% leased
• Only 1 full floor available (leases out for signature)

8. San Diego Business Journal | Cushman & Wakefield
Qualcomm - Update
Multiple Qualcomm lease expirations lined up well with layoffs, as Qualcomm will let
over 250,000 SF of leases expire in Q1 2016. They also recently put additional space
on the market for sublease, and sold a building of 300,000 SF.
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Workplace Trends

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Workplace Trends
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Less Distractions

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Flexible Office
Workplace Trends
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TvB’s Tips
Survey
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THE MAIN 3
Sublease
Take Your Time

13. Tom van Betten
Managing Director
Tenant Representation
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