LoDo Tier Analysis Q3 2020

LoDo
Tier Analysis

Q3 2020

LoDo Building Analysis

These 63 buildings represent Lodo
and Central Platte Valley assets
greater than 20,000 s.f.

63 Buildings

7.5MTotaling SF

$49.58 Avg. Rent
8 6 . 9Leased
%

Tier I Tier II Tier III Tier IV Tier V

LoDo Building Analysis > 20,000 SF

$65.00 These 63 buildings represent Lodo
$60.00 and Central Platte Valley assets
$55.00 greater than 20,000 s.f.
$50.00
$45.00 83.9% 94.0%
$40.00
$35.00 79.7% 86.8% 63 Buildings
$30.00 87.4%
$25.00 97.6% 7.5MTotaling
SF
0
$49.58 Avg. Rent
$20.00 86.9Leased
$15.00 %

Tier Tier 1 Tier 2 Tier 3 Tier 4 Tier 5 TLoieDr o6 Tier 7

Tier I Tier II Tier III Tier IV Tier V LoDo CBD

Number ofbuildings 17 10 9 9 18 63 156
RBA
Average Rate (FSG) 2,900,174 SF 1,996,558 SF 516,579 SF 1,190,368 SF 942,193 SF 7,545,872 SF 30,205,470 SF
% Leased
$55.50 $55.49 $38.59 $44.63 $34.23 $49,58 $40.14

83.9% 94.0% 90.3% 79.7% 88.1% 86.9% 87.5%

LoDo Building Analysis > Comparative Data

Overall Y-o-Y Change: 2019 to 2020

2019 2020 10.7% average rent -5.1% leased

Tier I

These 59 buildings represent These 62 buildings represent 8.3% average rent -7.7% leased
assets greater than 20,000 s.f. assets greater than 20,000 s.f. -0.8% leased
Tier II
59 Buildings* 63 Buildings*
9.8% average rent

Tier III

6.9MTotaling 7.5MTotaling 1.1% average rent -7.2% leased
SF SF -7.4% leased
Tier IV -1.4% leased
$44.79 Avg. Rent $49.58 Avg. Rent
5.5% average rent
91.9Leased % 86.9Leased %
Tier V

11.0% average rent

*includes under-construction space

LoDo Building Analysis - Tier I

New assets & under-construction The 17 buildings that make up Tier I
are new assets & under-construction

17that have been built since 2013.
Buildings

2.9MTotaling SF

83.9$55.50 Avg. Rent%
Leased

Tier I Tier II Tier III Tier IV Tier V Tier I Buildings

Market Station (uc, delivers Q3 20) - 1601 Market St
One Platte (uc, delivers Q1 22) - 1701 Platte St
McGregor Square (uc, delivers Q1 21) - 1901 Wazee St
Platte Fifteen - 2375 15th St
A Block - 1881 16th St
16 Chestnut - 2001 16th St
Union Station North Wing - 1705 17th St
The LAB - 2420 17th St
16M - 1550 Market St
Circa - 1615 Platte St
The Nichols Building - 1644 Platte St
Riverview at 1700 Platte - 1700 Platte St
Dairy Block - 1800 Wazee St
Triangle Building - 1550 Wewatta St
1601 Wewatta - 1601 Wewatta St
Union Tower West - 1801 Wewatta St
One Union Station South Wing - 1615 Wynkoop St

LoDo Building Analysis - Tier II

NEWER assets The 10 buildings that make up Tier II
are newer assets built between 2000

10and 2009.
Buildings

2.0MTotaling SF

94.0$55.49 Avg. Rent%
Leased

Tier II Buildings

16 Market Square – 1400 16th St
1900 Sixteenth Street – 1900 16th St
Millennium Financial Center – 1550 17th St
SugarCube – 1555 Blake St
1755 Blake – 1755 Blake St
1400 Wewatta – 1400 Wewatta St
1551 Wewatta – 1551 Wewatta St
1401 Wynkoop – 1401 Wynkoop St
1515 Wynkoop – 1513-1530 Wynkoop St
1899 Wynkoop – 1899 Wynkoop St

Tier I Tier II Tier III Tier IV Tier V

LoDo Building Analysis - Tier III

Historic assets completely renovated The 9 buildings that make up Tier III
are historic LoDo buildings that have

9been completely renovated.
Buildings

517KTotaling SF

90.3$38.59 Avg. Rent%
Leased

Tier III Buildings

Granite Building – 1228 15th St
Sugar Building – 1530 16th St
Mercantile Square – 1628 16th St
Larimer Square – 1402-1498 Larimer St
Larimer Square – 1401-1499 Larimer St
Hardware Block – 1501-1527 Wazee St
1819 Wazee – 1819 Wazee St
The Saddlery – 1500 Wynkoop St
Mercantile Square – 1550 Wynkoop St

Tier I Tier II Tier III Tier IV Tier V

LoDo Building Analysis - Tier IV

Assets built in the 70’s and 80’s The 9 buildings that make up Tier IV
are LoDo buildings that were built in

9the 1970s and 80s.
Buildings

1.2MTotaling SF

$44.63 Avg. Rent
79.7Leased%

Tier IV Buildings

Guaranty Bank Building – 1331 17th St
1401 Seventeenth – 1401 17th St
JP Plaza – 1601 Blake St
Blake Street Terrace – 1860 Blake St
Writer Square – 1512 Larimer St
17th & Larimer – 1675 Larimer St
1875 Lawrence – 1875 Lawrence St
Chamber Building – 1445 Market St
1660 Wynkoop – 1660 Wynkoop St

Tier I Tier II Tier III Tier IV Tier V

LoDo Building Analysis - Tier V

Historic assets not renovated The 18 buildings that make up Tier V
are historic LoDo buildings that have

18not been completely renovated.
Buildings

942KTotaling SF

$34.23 Avg. Rent
88.1Leased%

Tier I Tier II Tier III Tier IV Tier V Tier V Buildings

Wewatta Transfer Lofts – 1800 15th St
Oxford Annex – 1612-1616 17th St
Blake Building – 1441 18th St
18th Street Atrium – 1621 18th St
Carter Rice Building – 1623-1631 Blake St
Hedges-Atkins Supply Building – 1730 Blake St
Denver Fire House #5 – 1821 Blake St
2399 Blake – 2399 Blake St
2601-2609 Blake – 2601-2609 Blake St
Daniels & Fisher Warehouse #2 – 1422 Delgany St
3012 Huron – 3012 Huron St
Market Center – 1630 Market St
Elephant Corral 1 – 1444 Wazee St
Kansas Plow Company Building – 1543 Wazee St
Paper Building – 1625-1631 Wazee St
Bradford Publishing Building – 1743 Wazee St
Wazee Exchange – 1900 Wazee St
Union Square – 1610 Wynkoop St