2008 SIOR Metro Market Forecast Office Presentation

1. St. Louis Office Market Michael J. Wolken, SIOR Principal

2. Office Committee Dennis DeSantis, SIOR Gateway Commercial, a Cushman & Wakefield Alliance Dave Morris, SIOR Gundaker Commercial Scott Bazoian, SIOR Colliers Turley Martin Tucker Lynn Schenck, SIOR CB Richard Ellis

5. Good to Great in 2008?

6. Large Tenants Moved in 2007 CityPlace Six 140,500 SF 40 West II Building 114,000 SF

7. Large Tenants Moved in 2007 1881 Pine Street 110,00 SF NorthPark 90,000 SF

8. Large Tenants Considering Options in 2008 Total potential impact – 1,000,000 SF

9. Tenant by Size Range

10. Tenants by Lease Expiration

11. Office Employment Growth 3.2% 3.8% 7% St. Louis 2.2% 9% 11.2% Washington 9.9% 8.3% 18.2% Tampa/St. Petersburg 10.6% 4.4% 15% Seattle/Puget Sound 7.3% 1.5% 8.8% New York City 5.9% 2.2% 8.1% Los Angeles 3.7% 4.3% 8% Denver 10.2% 6.4% 16.6% Dallas/Ft. Worth 3.8% 3.8% 7.6% Chicago 5.2% 2.5% 7.7% Boston 2.6% 6.3% 8.9% Atlanta Difference Inventory Growth Employment Growth Market

12. Vacancy Report 9.9% 7.2% 3.9% 9.5% 6.2% 6.5% 16.5% Class A 12% St. Louis Metro 12% St. Charles County 7.5% South County 17.9% North County 8.7% West County 10% Clayton 18.5% Downtown All Classes Submarket

14. 2008 New Construction The Meridian at Brentwood 180,000 SF Lakeside Crossing Office One 127,000 SF

15. 2008 New Construction Central Park Square I 100,000 SF 825 Maryville Office 75,000 SF 580,000 square feet

16. Potential Major Office Developments 2008 and Beyond Ballpark Village Lakeside Crossing 2 Highlands II

20. Good

21. Great

23. Thank You