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Northwest Denver Market Overview <br />1ST QUARTER 2014 <br />Market Fundamentals <br /> <br />Published Lease Rates: <br />Lease Term: <br />Class A - Multi-Story: $14.00-$24.00*/SF/NNN <br />1-10 years/subleases available 1-5 years <br />(*$24.00/SF is high point for Hines building EOS) <br />Larger deals, longer terms. Smaller deals, 1-5 year terms <br />Class B - Multi-Story: $11.00-$17.00/SF/NNN <br />Single-Story Office: $9.00-$13.50/SF/NNN <br />Concessions: <br />(Effective rates lower with concessions) <br />Additional tenant improvement dollars, approximately 1 month of <br />free rent for each year of term. Landlord concessions of free rent and <br />Operating Expenses: <br />flexibility to provide termination options are expected to decli <br />Class A Ï Multi-Story: $10.02-$13.56/SF <br />vacancy is reduced particularly with large blocks of space 30,00 <br />Class B Ï Multi-Story: $7.70-$14.41/SF <br />and greater. <br />Class A/B Ï Single Story: $5.50-$6.87/SF <br />Class B/C Ï Single Story: $3.25-$5.00/SF (excluding utilities an <br />janitorial) <br />TIÔs: <br />Shell Buildings <br />Multi-Story: $45.00-$50.00/SF (slab-to-slab shell) <br />Single-Story: $20.00-$40.00/SF (warm shell) <br />Existing Buildings: $3.00-$5.00/SF/year of lease term for 2nd <br />generation space <br />($15.00-$25.00/SF is common for a 5 year lease term) <br />Commissions: <br />$1.00/SF per year for first 5 years and $0.50/SF per year for ye <br />6-10 (To the Outside Broker) <br /> <br />[ ] <br />5 <br />CBRE <br />