Lexington, Kentucky. Central Business District Office Market Survey. December December 2017 Central Business District Office Market Survey 1

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1 Lexington, Kentucky Central Business Central Business 1

2 Central Business District Central Business 2

3 % Vacancy Period Average Vacancy % Lexington, Fayette County, Kentucky CBD Office Market Survey 2017 Class A 12% 20% 2017 Overall Market 14% 18% 16% % 14% % 12% 10% % 8% % 6% % 4% 2% % % 0% 2017 Class A 2017 Overall Market Market Year % The information herein is deemed representative of the Lexington, Kentucky Central Business District office market and in our opinion provides a reasonable representation of CBD market conditions in general. The information was obtained from sources that are deemed to be reliable. However, The Webb Companies makes no representation nor assumes any responsibilities for its accuracy. * Percentages rounded to the nearest whole number. Central Business 3

4 % Asking Rent/ Max Contiguous/ East Main Street Sperry Van Ness 28,888 5, % $16.50 N/A N/A 2. Central Bank 300 West Vine Street Langley Properties 389,200 58, % $ ,920 Central Bank Old Vine Center Zeff Maloney 29, % N/A N/A N/A 4. Lexington Financial Center 250 West Main Street The Webb Companies 357,361 34, % $ ,888 5th 3rd Bank 5. Barrister Hall 163 East Main Street Joe Rosenberg 27, % 0 N/A N/A 6. Vine Center 333 West Main Street The Webb Companies 242,024 26,650 13, % $ ,654 Belcan Engineering 7. Chase Tower 201 East Main Street NAI Isaac 237,892 41, % Negotiable 30,298 Chase Bank Central Business 4

5 % Asking Rent/ Max Contiguous/ East Vine Street WesBanco 36,272 6, % $16.50 N/K WesBanco 9. Community Trust Bank 100 East Vine Street Coleman Group 80,611 2, % N/A 1,800 Kentucky League of Cities West Vine Street Coleman Group 42,696 29, % $ ,084 Old National Bank 11. Goodwin Square 444 East Main Street Schrader Commercial Properties 45,692 1, % $18.00 To $ ,365 Hargrove & Madden 12. Hisle 277 East High Street Hisle & Company 14, % N/A N/A Hisle & Co. 13. Landrum & Shouse 106 West Vine Street Landrum & Shouse 63, % $0.00 N/A Landrum & Shouse 14. Court Square 269 West Main Street Block & Lot 40,700 6, % N/A 3,358 Sky Bar Central Business 5

6 % Asking Rent/ Max Contiguous/ 15. Myers 175 East Main Street Urban Groupe 45,000 2, % $15.00 To $ ,573 Jackson-Kelly 16. PNC Plaza 301 East Main Street Coleman Group 122,987 41, % $ ,822 PNC Bank 17. PWM 360 East Vine Street The Webb Companies 39,684 5, % $ ,470 Kentucky Bank 18. Raymond James 489 East Main Street The Webb Companies 12, % N/A N/A Raymond James 19. Security Trust 271 West Short Street Benezet & Associates 48,895 7, % $ ,540 Miller Griffin & Marks 20. The East High Street Todd Stockwell 24, % N/A N/A N/A 21. The Lion 155 East Main Street Todd Stockwell 27, % N/A N/A Kentucky Board of Architects Central Business 6

7 % Asking Rent/ Max Contiguous/ East Main Street Sperry Van Ness 46,936 4, % $ ,061 Portofino s 23. Traditional Bank 163 West Short Street Ted Mims 35, % N/A N/A Traditional Bank 24. US Attorney s 260 West Vine Street Coleman Group 58, % N/A N/A US Attorney 25. West Main Place West Main Street The Webb Companies 19, % N/A N/A Level BB&T Plaza 200 West Vine Street Haymaker Bean 43,902 29, % $ ,739 BB&T East Main Street Coleman Group 23, % N/A N/A Commerce Lexington Overall Market 2,182, ,101 13, % Class A s 1,073, ,353 13, % Central Business 7 The information herein is deemed representative of the Lexington, Kentucky Central Business District office market and in our opinion provides a reasonable representation of market conditions in general. The information was obtained from sources that are deemed to be reliable. However, The Webb Companies makes no representation nor assumes any responsibilities for its accuracy.