Laserfiche WebLink
GROUND RULES & DEFINITIONS <br /> GROUND RULES <br /> • Multi-tenant office warehouse, office showroom, and bulk warehouse buildings in excess of <br /> 25,000 square feet. Single tenant leased properties that were developed on a build-to-suit <br /> basis,and that would not function well as multi-tenant properties, are not included in this <br /> report. Owner occupied properties are also not included in this report. <br /> • Rental rates are based on quoted net rates exclusive of transaction costs. Actual effective <br /> rates will vary. <br /> • Expenses are quoted as an estimate for the 2004 calendar year. <br /> DEFINITIONS <br /> • Existing Projects—Building shell construction completed prior to May 1,2003. <br /> • • New Projects—Building shell construction completed between May 1,2003 and May 1,2004. <br /> • Current Universe—combined Existing Projects and New Projects as of May 1,2004. <br /> • Under Construction—Projects under construction as of May 1,2004. <br /> • Planned Projects—Projects with a greater than 50%probability of construction <br /> commencement prior to December 31,2004. <br /> PROFILE OF PROJECT TYPES <br /> Typical Clear Ceiling Office or <br /> Project Type Tenant Size Height Bay Depth Showroom <br /> Office Warehouse 7,000 S.. Ft. + 16—24 Ft. 120— 160 Ft. 10%-40% <br /> Office Showroom 3,000 S..Ft. + 12— 16 Ft. 80— 120 Ft. 25%-75% <br /> Bulk Warehouse 20,000 S .Ft. + 20+Ft. 160—200 Ft. 0%- 10% <br /> • <br /> 2 NAIOP 2004 ANNUAL INDUSTRIAL MARKET UPDATE <br />