Oklahoma CityOffice Space Overview

OKLAHOMA CITY MARKET OVERVIEW

OKLAHOMA CITY MARKET OVERVIEW

• 22,158,000 Total Square Feet

• 7,312,000 CBD Square Feet

• 12.8% Total Vacancy Rate, which is below the national average of

15.6%

• Class A Office Space - 3,534,047 sf total with 200,999 sf available

= 4.7%

• Lease rates are holding firm and in some cases increasing

• There is no contiguous block space

• It’s going to get tighter

THIRD QUARTER 2013MARKET SUMMARY

Suburban # of Bldgs Inventory (SF)Total

Available (SF)

Total Vacant (SF)

Total Vacancy Rate (%)

Direct Vacant (SF)

Direct Vacancy Rate

(%)

Available Sublease (SF)

Qtrly Net Absorption

(SF)

YTD Net Absorption

(SF)

Oklahoma City 285 22,233,950 3,250,342 2,769,483 12.5% 2,769,483 12.5% 87,956 -43,498 -159,567CBD 52 7,380,048 1,299,160 1,249,569 16.9% 1,249,569 16.9% 36,488 -13,906 -76,464

A 4 1,686,423 57,506 57,506 3.4% 57,506 3.4% 0 -14,241 -35,963B 23 2,521,730 440,612 433,715 17.2% 433,715 17.2% 0 -6,054 -15,745C 25 3,171,895 801,042 758,348 23.9% 758,348 23.9% 36,488 6,389 -24,756

Edmond 6 255,466 16,814 4,814 1.9% 4,814 1.9% 0 0 -128A 1 48,942 0 0 0.0% 0 0.0% 0 0 0B 5 206,524 16,814 4,814 2.3% 4,814 2.3% 0 0 -128

Memorial Corridor 25 1,721,390 206,377 90,965 5.3% 90,965 5.3% 18,009 15,808 25,766A 7 840,505 52,131 26,346 3.1% 26,346 3.1% 18,009 15,808 5,649B 17 788,783 130,057 40,430 5.1% 40,430 5.1% 0 0 20,117C 1 92,102 24,189 24,189 26.3% 24,189 26.3% 0 0 0

Midtown 41 2,551,841 549,776 399,896 15.7% 399,896 15.7% 0 3,977 -9,931B 6 263,652 5,000 5,000 1.9% 5,000 1.9% 0 0 0C 35 2,288,189 544,776 394,896 17.3% 394,896 17.3% 0 3,977 -9,931

Norman 13 497,882 53,284 47,485 9.5% 47,485 9.5% 0 0 19,153B 12 447,882 49,615 43,816 9.8% 43,816 9.8% 0 0 19,153C 1 50,000 3,669 3,669 7.3% 3,669 7.3% 0 0 0

North 46 3,632,852 311,067 216,795 6.0% 216,795 6.0% 31,500 -23,572 -40,848A 4 308,388 14,689 10,909 3.5% 10,909 3.5% 0 3,575 -2,497B 33 2,700,628 192,352 102,489 3.8% 102,489 3.8% 31,500 -30,504 -12,103C 9 623,836 104,026 103,397 16.6% 103,397 16.6% 0 3,357 -26,248

Northeast 2 62,840 0 0 0.0% 0 0.0% 0 0 0C 2 62,840 0 0 0.0% 0 0.0% 0 0 0

Northwest 61 4,366,811 444,797 419,578 9.6% 419,578 9.6% 1,959 -12,719 -43,317A 4 649,789 51,962 51,962 8.0% 51,962 8.0% 0 14,548 -14,981B 41 2,604,848 238,445 222,368 8.5% 222,368 8.5% 0 -27,267 -17,288C 16 1,112,174 154,390 145,248 13.1% 145,248 13.1% 1,959 0 -11,048

Southeast 10 423,971 129,341 100,655 23.7% 100,655 23.7% 0 -6,387 -19,769B 1 84,373 59,150 59,150 70.1% 59,150 70.1% 0 0 -24,336C 9 339,598 70,191 41,505 12.2% 41,505 12.2% 0 -6,387 4,567

Southwest 29 1,340,849 239,726 239,726 17.9% 239,726 17.9% 0 -6,699 -14,029B 20 908,377 103,238 103,238 11.4% 103,238 11.4% 0 -8,000 -19,779C 9 432,472 136,488 136,488 31.6% 136,488 31.6% 0 1,301 5,750

Grand Total 285 22,233,950 3,250,342 2,769,483 12.5% 2,769,483 12.5% 87,956 -43,498 -159,567

ASKING LEASE RATES

A B C$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

Asking Lease Rate Range by Class (FSG)

Askin

g L

ease R

ate

(FS

G)

Transactions and Trends

Suburban Market Chesapeake Energy – Right Sizing

Atrium TowersHarvey Parkway

American FidelityOPUBCO CampusMidtown Campus will add 300,000 sf

Central Business DistrictDevon vacated 225,000 sf in the First National BuildingJournal Record Building – 90,000 sfCentury Center – 115,000 sfParkside Building – 70,000 sfBraniff Building – 90,000 sfStage Center Site – 400,000 sf

JOURNAL RECORD BUILDING

621 N. Robinson , Oklahoma City, OK 73102

OWNER JRB HOLDINGS LLC

REMODEL COST $13.7 Million

SIZE 90,000 SF

AVAILBLE 4Q 2014

FLOOR PLATE SIZE 4,259 – 32,451

ASKING RENT $23.50

INCREASE IN RENT 3% per annum

T.I. $2.00 psf per year of term

PARKING$100 per month (unreserved)$150 per month (reserved)

PARKSIDE BUILDING

621 N. Robinson , Oklahoma City, OK 73102

OWNER Sandridge Energy

CONSTUCTION COST $30 Million

SIZE 67,000 SF

AVAILABLE 4Q 2014

FLOOR PLATE SIZE 3,970 – 11,720

ASKING RENT $23.00

INCREASE IN RENT 3% per annum

T.I. $40.00 psf for a 15 year term

PARKING $90 per month (unreserved)

BRANIFF BUILDING

324 N. Robinson , Oklahoma City, OK 73102

OWNER Sandridge Energy

REMODEL COST $50 Million

SIZE 90,000 SF

AVAILABLE 3Q2013

FLOOR PLATE SIZE 9,000

ASKING RENT $21.00 FSG

INCREASE IN RENT 3% per annum

T.I. None

PARKING $90 per month (unreserved)

865 RESEARCH PARKWAY

865 Research Parkway, Oklahoma City, OK 73104

OWNER University of Oklahoma

REMODEL COST TBD

SIZE 74,730 SF

AVAILABLE Currently 74,730 SF

FLOOR PLATE SIZE 24,910 SF

ASKING RENT TBD

INCREASE IN RENT 3% per annum

T.I. TBD

PARKING 4.82/1000

CENTURY CENTER

100 W. Main, Oklahoma City, OK 73102

OWNER 100 Main LLC

REMODEL COST $30 Million

SIZE 110,000 SF

AVAILABLE 4Q2014

FLOOR PLATE SIZE 55,000

ASKING RENT $21.00 FSG

INCREASE IN RENT Negotiable

TENANTOklahoma Publishing Company will occupy 95,000 SF

PARKING Limited parking within the building

GE OIL & GAS BUILDING

Central and NW 9th

OWNER GE Oil & Gas

SIZE 95,000 SF

AVAILABLE 2Q 2016

FLOOR PLATE SIZE Various

ASKING RENT Not for lease

431 WEST MAIN

STAGE CENTER – OG&E BUILDING

Stage Center Site , Oklahoma City, OK 73102

OWNER Local Development Group

SIZE 400,000 SF

AVAILABLE 2Q 2017

DEVELOPMENT PARCELS

DEVELOPMENT OPTIONS

Walker Avenue and 3rd Street in Oklahoma City

CONTACT INFORMATION

Barry Murphy

Managing Director

Cushman & Wakefield | Commercial Oklahoma

405-821-7015

bmurphy@commercialoklahoma.com