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Regional Data -continued <br /> ABSORPTION, <br /> •ABSORPTION •CONSTRUCTION •VACANCY <br /> SM 20% <br /> 19.6 lg'g 19.2 <br /> 4M - 18.0 1G% <br /> 16.1 <br /> 15.2 15.2 15.9 16.6 16.0 <br /> 3M 12% <br /> 2M 8% <br /> U 1.47 1.35 <br /> w 1M 0.95 0.97 1 0.98 4% <br /> < .6 0.52 0.62 <br /> Q 0.33 0.48 6.� 0.17 <br /> (33 0.18 0.16 . .00 .02 <br /> Ln 0M 0% <br /> 0.15) 0.07 0.00 0.00 0.00 <br /> (2M) (1.83) (8%) <br /> (3M) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 10%) <br /> Source:Cushman&Wakefield/NorthMarq <br /> Office vacancy is still the highest of the four major building sectors. New construction is <br /> typically limited when vacancy is over 10%. Although current vacancy is high, vacancy has <br /> been trending downward over the past three years. <br /> ABSORPTION,CONSTRUCTION&VACANCY <br /> •ABSORPTION •CONSTRUCTION •VACANCY <br /> SM - 20% <br /> 4M <br /> 3 15 <br /> . ..2 <br /> 77 16.4 16.1 <br /> 1fi% <br /> 3.67 <br /> 13.2 12.9 12.8 <br /> 118 12.0 <br /> 3M12% <br /> 2.52 9.5 2.27 <br /> 2M 2.16 1.72 1.92 1.88 8% <br /> w <br /> LLLLJ l09 0.93 0,890.881.04 1.01 <br /> 1M 4: <br /> 0.61 <br /> C3 0.04 0.00 0.27 0-3 <br /> N <br /> 0 0.00 0 <br /> 1M (4%) <br /> 2M _tJ (8%) <br /> t38 <br /> (3M)L-- <br /> 3M) (12%) <br /> 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 <br /> Source:Cushman&Wakefi.1d/NarthMarq <br /> Vacancy has been trending downward over the past three years. Buildings with high clear <br /> height tend to have stronger demand in the current market. <br /> 2 Nagell Appraisal&Consulting 1 952-544-8966 1 www.callnagell.com <br />