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FIGURES I MINNEAPOLIS OFFICE 1 032022 FIGURE 7: Historical Sublease vs Direct Availability Sq.Ft.(000's) Sublease Available Subleasing 25,000 4.0% The Minneapolis office market has seen an increase in available sublease space since 2020,with 3.5% 2.7 million sq.ft.currently available.This represents 14% of the total available space in the market 20,000 and accounts for an increase of over 400%from pre-pandemic rates compared to 512,626 sq.ft. 3.0% available in 012020.Currently,43%of the total availabilities on the market are large spaces 2.5 100,000 sq.ft.or more. 15,000 Nearly half of available sublease space is within the Minneapolis CBD submarket,including several 2.0% of the largest listings at 33 South Sixth and Capella Tower.Several large suburban subleases are 10,000 1.5 expected to come onto the market following with recent activity from Prime Therapeutics in Eagan. The average remaining term on sublease availabilities is 3.1 years with 46%of available space with 1.0% 5,000 terms seven years or greater.The top three largest sublease spaces currently available expire in at least six years. 0.5% FIGURE 6:Sublease Available Spaces b FIGURE 5:Sublease Availability by submarket P Y Size 0 0.0% 01 02 03 04 01 02 03 04 01 02 03 04 01 02 03 04 01 02 03 2 1%1% 2018 2019 2020 2021 2022 e Direct Available Sq.Ft. �Sublease Available Sq.Ft. -Sublease Available Source:CBRE Research,03 2022. FIGURE 8:Top Sublease Spaces Property •markeqtWLease Expirat • 825,776 33 South Sixth Minneapolis CBD 12/13/2030 L 2 136,125 2815 Cleveland Ave N Suburban St. Paul 12/31/2032 135,646 Capella Tower Minneapolis CBD 10/31/2028 132,604 10380 Bren Rd 494 7/31/2026 ■Minneapolis CBD ■494 ■394 0<10,000 sq.ft. Suburban St.Paul ■North Loop ■St.Paul CBD ■10,000-30,000 sq.ft. 76,573 3701 Wayzata Boulevard 394 7/24/2030 ■Northwest ■BEA ■Northeast ■25,000-50,000 sq.ft. 67,714 901 S 3rd Avenue Minneapolis CBD 12/31/2024 Midway 50,000-100,000 sq.ft. ■100,000+sq.ft. Source:CBRE Research,Q3 2022. Source:CBRE Research,03 2022. Source:CBRE Research,03 2022. 3 CBRE RESEARCH ©2022 CBRE,INC.