A Fresh Take on CRE

Tenants Migrate to Class A Space - Grubb & Ellis Monthly Market Trends - February 2010

February 2010 Office Market Highlights:

• Availability dipped 10 basis points to 14.5%

• Class A available supply decreased for the first time in a year

• Early lease renewals are an emerging trend amongst tenants

• Class A net effective rents are down 48% from market peak