Accelerating success.

NASA / Clear Lake Office Market Report3Q, 2010

Market Area

NASA / Clear Lake Office Submarket

Market Snapshot

Class Total Inventory

S.F.

DirectAvailable

S.F.

PercentLeased

Sublease Available

S.F.

TotalAvailable

S.F.

TotalVacancy

Rate

Wt. Avg.Asking

Rent

A 1,500,938 171,064 88.60% 37,319 208,383 13.88% $22.70

B 3,273,414 632,197 80.69% 68,346 678,543 20.73% $18.69

C 1,118,816 205,882 81.60% 18,094 223,976 20.02% $15.51

Total 5,893,168 1,009,143 82.88% 123,759 1,110,902 18.85% $18.72

NASA / Clear Lake Office Submarket

Market Snapshot

Asking Rental Rates by Building Class

A B C All $-

$5.00

$10.00

$15.00

$20.00

$25.00

$22.70

$18.69 $15.51

$18.72

Average Asking Rent

• Annual Rate PSF (full service)

Market Snapshot

Occupancy Rates by Class

A B C All 76.00%

78.00%

80.00%

82.00%

84.00%

86.00%

88.00%

90.00%88.60%

80.69%81.60%

82.88%

Percent Leased

VacancyNASA / Clear Lake Office Submarket

Vacancy

Direct Available Square Feet by Class

171,064

632,197

205,882

4,884,025 ABCLeased

Vacancy

Building Address Class Rentable Area

Total Available

Largest Contiguous

Gemini Plaza 1150 Gemini B 158,000 158,000 158,000

Boeing 13100 Space Center Blvd. B 180,000 95,300 90,000

Galaxy II 455 E. Medical Center A 110,000 66,000 66,000

1275 Space Park 1275 Space Park Drive C 43,222 43,222 43,222

Boeing 3700 Bay Area Blvd. A 399,088 56,705 40,000

Clear Lake Central I 555 Gemini Avenue B 124,908 40,000 40,000

Flint Ridge Plaza 201 Flint Ridge Road B 45,000 32,841 22,500

16055 Space Center 16055 Space Center Blvd. A 147,000 32,841 22,400

Largest Contiguous Blocks of Available Space

The Impact of Johnson Space Center

The NASA Equation

• NASA Related tenants occupy over 1.9 million square feet

• 33% of the total office inventory is occupied NASA related tenants

• 40% of the currently leased space is occupied by NASA related

tenants17%

33%

49% AvailableNASA / AerospaceOther Tenants

Coy Davidson

Coy DavidsonSenior Vice PresidentOffice Services GroupDirect: 713.830.2128coy.davidson@colliers.comwww.coy.davidson.comwww.colliers.com