Commercial Real Estate
Workflows

OFFICE MARKET INTELLIGENCE — MANHATTAN ════════════════════════════════════════════════════════ EXPANSION SIGNALS (growing tenants): fintechcapitalnyc.com /careers: +87 positions (doubled in 6 months) /press: "Series D funding, expanding NYC headquarters" /about: Currently 45K SF — needs 90K+ SF OPPORTUNITY: Pre-emptively offer expansion space CONTRACTION SIGNALS (shrinking tenants): legacymediagroup.com /careers: Down 67% — from 34 to 11 positions /press: "Restructuring to hybrid-first model" Currently 120K SF — likely reducing to 60K SF RISK: 60K SF of sublease space hitting market MANHATTAN OFFICE DEMAND INDEX: Expanding tenants: 234 | Contracting: 89 | Stable: 1,847 Net absorption forecast: +2.1M SF (next 12 months)

RETAIL SPACE INTELLIGENCE — PORTFOLIO PROPERTIES ════════════════════════════════════════════════════════ EXPANDING RETAILERS (potential tenants): sweetgreenrestaurants.com /press: "Opening 45 new locations in 2026" /careers: Hiring for 12 cities including ours Space need: 2,500-3,500 SF per location TARGET: Approach for our street-level retail warbyparkerstores.com /press: "Retail expansion accelerating — 30 new stores" /about: Focusing on mixed-use developments OPPORTUNITY: 3 of our properties match their criteria CLOSING RETAILERS (vacancy risk): discountelectronicsmart.com /press: "Closing 200 locations nationwide" Impact: 2 locations in our portfolio — 34K SF at risk RETAIL DEMAND SCORE: 72/100 (improving)

INDUSTRIAL/LOGISTICS DEMAND — NATIONAL TRACKER ════════════════════════════════════════════════════════ E-COMMERCE FULFILLMENT DEMAND: New fulfillment domains (90 days): 89 across US amazonfulfillment-dfw.com — 1.2M SF facility planned shopifylogistics.com /press: 4 new warehouses announced targetdistribution.com /careers: 800 warehouse positions Total new demand: +12M SF nationwide RESHORING SIGNALS: Manufacturing domains with "Made in USA" on /products: +34% YoY New manufacturing facility announcements: 23 this quarter aboradpharmaus.com /press: $400M US manufacturing plant Industrial demand from reshoring: +8M SF projected INDUSTRIAL VACANCY: 3.2% (near record low) Rent growth forecast: +6-8% for 2026

TENANT CREDIT ANALYSIS — 12 LEASE APPLICATIONS ════════════════════════════════════════════════════════ STRONG CREDIT — Approve at market rate globalconsultingpartners.com /investors: NYSE-listed, $4.2B revenue /about: Est. 1987, 12,000 employees /careers: 127 positions — stable hiring PR: 7.8 | Domain age: 9,490 days CREDIT SCORE: 95/100 — premium tenant WEAK CREDIT — Additional security required newagecoworking.io /about: "Founded in 2024, disrupting flexible work" /investors: Seed-funded only ($2M) /careers: 8 positions — very small team PR: 0.9 | Domain age: 412 days CREDIT SCORE: 28/100 — require 12-month deposit + guarantor PORTFOLIO TENANT HEALTH: Avg score 74/100

LEASE RATE BENCHMARKING — CLASS A OFFICE ════════════════════════════════════════════════════════ COMPETITOR PROPERTIES (from /pricing + /products pages): onebroadwayplaza.com — 280K SF, Class A /pricing: $78/SF asking — down from $84 (6 months ago) /about: 82% occupied | Concessions: 3 months free parkavenuetower.com — 450K SF, Class A+ /pricing: $92/SF — stable /about: 96% occupied | Minimal concessions midtowncrossing.com — 200K SF, Class A /pricing: $65/SF — reduced from $72 last quarter /about: 71% occupied | 6 months free offered OUR PROPERTY: 300K SF, Class A, 88% occupied Current asking: $75/SF Market position: Competitive — middle of comp range Recommendation: Hold at $75/SF, offer 2 months free

CO-WORKING MARKET INTELLIGENCE — 2026 ════════════════════════════════════════════════════════ OPERATOR ACTIVITY: wework.com /press: Continued restructuring, closing 12 locations /pricing: Rates increased 15% (surviving locations premium) industriousoffice.com /press: Expanding to 20 new markets /careers: 42 new positions — growth mode /products: Added enterprise flex solutions convene.com /products: Pivoting to "meeting + event" focus /about: Partnership model with landlords OPPORTUNITY: Explore partnership for our amenity spaces FLEX SPACE DEMAND: New flex domains (90 days): 34 | Closures: 12 Net growth: +22 locations nationally Enterprise flex adoption: +28% YoY from /products pages

SUBLEASE MARKET ANALYSIS — CHICAGO CBD ════════════════════════════════════════════════════════ NEW SUBLEASE INVENTORY DETECTED: techstartupchi.com — 45K SF available /press: "Shifting to fully remote" /careers: All positions listed as remote Sublease rate: $42/SF (30% below direct) IMPACT: Competes directly with our vacant space midwestcorporate.com — 120K SF available /press: "Consolidating to single location" Sublease rate: $52/SF CHICAGO SUBLEASE SUMMARY: Total sublease SF: 8.4M SF (+12% QoQ) Direct vacancy: 14.2% | Including sublease: 18.7% Shadow vacancy creating downward rate pressure OUR RESPONSE: Enhance amenity package, offer flexible terms

CORPORATE CAMPUS INTELLIGENCE — TECH SECTOR ════════════════════════════════════════════════════════ EXPANSION SIGNALS: nvidia.com /careers: +2,400 new positions (Bay Area focus) /press: "NVIDIA expanding Santa Clara campus by 1.2M SF" OPPORTUNITY: Adjacent land parcel available — approach NVIDIA CONTRACTION SIGNALS: meta.com /press: "Meta returning 1.8M SF across 3 campuses" /careers: -34% headcount reduction signals IMPACT: Major sublease inventory hitting market TECH CAMPUS DEMAND INDEX: Expanding: AI companies (NVIDIA, Anthropic, OpenAI) Contracting: Social media, fintech (Meta, Stripe) Net demand: Flat — AI growth offsetting tech layoffs

DEVELOPMENT PIPELINE — AUSTIN METRO ════════════════════════════════════════════════════════ UNDER CONSTRUCTION (from developer /products pages): eastaustinmixeduse.com — 450K SF mixed-use /about: Delivery Q3 2026 | 60% pre-leased /products: Office (200K), Retail (80K), Residential (170K) domaintwentysix.com — 280K SF office /about: Delivery Q1 2027 | 15% pre-leased (slow) /careers: Construction hiring active — on schedule PLANNED (from /press announcements): 12 additional projects totaling 3.4M SF WARNING: Current demand supports only 2.1M SF absorption Oversupply risk in Austin by 2027 PIPELINE SUMMARY: Under construction: 2.8M SF | Planned: 3.4M SF Demand forecast: 2.1M SF annually Supply/demand imbalance: +4.1M SF excess by 2028