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Table of Contents

Tampa Bay MSA Economic Factors Office Market Retail Market Industrial Market Investment Market Looking Ahead. Table of Contents. Tampa Bay MSA (2010 YTD). Largest Public Companies Ranked by revenue. Tech Data Wholesaler of computer and peripheral equipment

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Table of Contents

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  1. Tampa Bay MSA Economic Factors Office Market Retail Market Industrial Market Investment Market Looking Ahead Table of Contents

  2. Tampa Bay MSA(2010 YTD)

  3. Largest Public Companies Ranked by revenue Tech DataWholesaler of computer and peripheral equipment Jabil CircuitManufacturer of printed circuit boards and other electronic equipment Well Care Health PlansManaged Health Care Plans Teco EnergyUtilities

  4. Largest Public Companies Ranked by local employees Hillsborough County School DistrictPublic School System Pinellas County School DistrictPublic School System McDill Air Force BaseNational Defense School Board of Polk CountyPublic School System University of South FloridaPublic University

  5. Unprecedented run up in demand 2005-2007 Bubble Burst in 2008 – is there a bottom? Carry-over to mid- 2009 Some stabilization in 2010 Economic Factors

  6. Values are still questionable Selling a NOI vs. IRR Lease rates have been challenged Virtually no new construction Economic Factors

  7. Office - Tampa Bay MSA(2010 YTD)

  8. Home building and service sector hit hard Increased sublease space Ownership struggle, like tenant, for capital dollars Tenants’ market. Office HOME DEPOT/VANGENT

  9. Exiting base stabilized & diverse Early renewals – large firm commitments Growth, Consolidation, Spin-offs Redevelopment opportunities Increased profile of downtown Office - Downtown

  10. Retail - Tampa Bay MSA(2010 YTD)

  11. Consumer confidence, consumption and patterns have changed. Big stores - redundant competition Small stores - razor thin margins Refocus in established trade area Retail REGIONS / CITI / BB&T FDIC

  12. Growing trade area - increased interest Restaurants – ‘Fast/Casual’ Increased service sector interest Higher visibility of CBD as community Retail – Downtown

  13. Industrial - Tampa Bay MSA(2010 YTD)

  14. Reduced consumer demand has effect Efficiency of logistical platform increases Ports and rail will be increasingly important Trade patterns are changing Industrial PREMIER BEVERAGEHIM TAMPA REALTY CEVA LOGISTICSIDI

  15. Equity/cash readily available Lack of properties available Lack of metrics to underwrite debt REO wildcard in effort to stabilize Investments 500 N WESTSHORE PRICIPLEEOLA CAPITAL THREE PALMS LLCELCO LANDMARK

  16. Job creation key to a sustainable recovery Increased demand will increase fundamentals Fundamental will underwrite new value When/How will Florida compete Looking Ahead

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