Exhibit V-21
OFFICE SUBMARKET PERFORMANCE
SOUTHERN CHESAPEAKE SUBMARKET AND MSA
2013
2013 NET
2013 4Q 2013 UNDER QUOTED
# BLDS TOTAL RBA DIRECT SF TOTAL SF VAC % ABSORPTION DELIVERIES CONST. SF
RATES
Submarket
104
592,515
51,582
48,555
8.2%
8,066
2,884
2,884
$15.31
As a Percentage of Total Market
3%
1%
1%
1%
1%
1%
1%
Total Market
3,287 48,411,521 5,641,925 5,708,956 11.8% 748,934
390,173
375,277
$16.52
SOURCE: CoStar
EXISTING INVENTORY
VACANCY
Exhibit V-21
E4-11982.40
Printed: 3/27/2014
CITY OF CHESAPEAKE
