VANCOUVER OFFICE MARKET? MODERATOR: BILL TUCKER , CEO, OMICRON - PowerPoint PPT Presentation

A1: WHAT’S HAPPENING WITH THE VANCOUVER OFFICE MARKET? MODERATOR: BILL TUCKER , CEO, OMICRON PANEL: MARK CHAMBERS , SENIOR VICE PRESIDENT, CUSHMAN & WAKEFIELD MAURY DUBUQUE , SENIOR VICE PRESIDENT | OFFICE LEASING, MANAGER | SALES DEVELOPMENT, TENANT ADVISORY SERVICES, COLLIERS INTERNATIONAL KEVIN NELSON , SENIOR VICE PRESIDENT, CBRE LIMITED SUSAN STEEVES , PRINCIPAL, SSDG

DOWNTOWN OFFICE DEVELOPMENTS 2014 - 2017 CONFIRMED/UNDER CONSTRUCTION PLANNED TELUS Garden 725 Granville (Sears) MNP Tower 800 Griffiths Way 745 Thurlow 980 Howe The Exchange Burrard Gateway TELUS/Westbank Cadillac Fairview Oxford Properties Aquilini Group Bentall Kennedy Manulife Credit Suisse/ SwissReal Pattison/Reliance 448,000 SF 300,000 SF 270,000 SF 180,000 SF (West Tower) 365,000 SF 200,000 SF 360,000 SF 204,000 SF Under Construction Under Construction Under Construction Under Construction Under Construction Planned/Pre-Leasing Planned Planned 2014 Completion 2014 Completion 2014 Completion 2014 Completion 2015 Completion - - - Pre-Leasing: 60.0% 0% Preleased ed - 30.0% 0% Preleased ed - 51.0% 0% Preleased ed - - - • TELUS (200,000 SF) - • Vertex One (8,000 SF) - • SNC-Lavalin (100,000 SF) - - - • Bull Housser LLP • MNP LLP (72,000 SF) • McCarthy Tetrault (67,000 SF) (85,000 SF)

DOWNTOWN SUPPLY & DEMAND FORECAST* AAA/A CLASS New Supply (SF) Absorption (SF) Vacancy (%) Series5 1,400,000 16% 1,200,000 12% 1,000,000 800,000 8% 600,000 400,000 4% 200,000 0% 0 -200,000 -4% -400,000 -600,000 -8% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 F 2014 F 2015 F 2016 F 2002 2003 2004 2007 2011 2012 550 BURRARD (PH.2) 838 W. HASTINGS 1132 HAMILTON 858 BEATTY 550 BURRARD 250 HOWE 1067 W. CORDOVA 2014 2015 TELUS GARDEN 725 GRANVILLE MNP TOWER 800 GRIFFITHS 745 THURLOW

A1: WHAT’S HAPPENING WITH THE VANCOUVER OFFICE MARKET? MODERATOR: BILL TUCKER , CEO, OMICRON PANEL: MARK CHAMBERS , SENIOR VICE PRESIDENT, CUSHMAN & WAKEFIELD MAURY DUBUQUE , SENIOR VICE PRESIDENT | OFFICE LEASING, MANAGER | SALES DEVELOPMENT, TENANT ADVISORY SERVICES, COLLIERS INTERNATIONAL KEVIN NELSON , SENIOR VICE PRESIDENT, CBRE LIMITED SUSAN STEEVES , PRINCIPAL, SSDG