Lease comparison data for Class A office space in NYC,

NYC 9/11 Public Portal Document

JUL-18-1997 17:39 □MB ADMIN. AGENCIES 212 738 6315 P.01/01

OFFICE QF EMEKGEJSCY COMMAND CENTER

Rental Comparable - for Class ”A" Leases

j"” * subifl;« C.^nparable 1* ' Comparable.^" Qthe.r.Property** (Class A Space) (Class A Space) (Class A Space) (Class B Space) ! 'Address 7 World Trade 1 Liberty Plaza 17 State Street 100 Church Street Floor Location 23rd Floor 2nd - 5th Floors 40th - 42nd Floors n/a Age/# Stories 10 years, 47 Stories 24 Years. 53 Stories 9 years, 42 Stories n/a SF per Floor 40,000 - 46,900 35,000 - 40,000 13,000-14, n/a

Gross SF Leased 45,815 140,000 40,500 n/a Term of Lease 20 years 10 years 10 years n/a Asking Rent $33.$41 $34-$35 $37 $22 Negotiated Rent & incr. J $28.00 - $42.00 $31.00 $31.00 - $33.00 $22.00 - $38.00 Negotiated Base Rent i $28.00 $31.00 $31.00 $22.00 Operating Expenses $5.01 $7.40 $7.00 $0,00 {Real Estate Taxes j $3.7.0 $5..50 $.3X3 $0.00 Total Cost SF' $36.71 $44.20 $41.33 $22.00 j Landlord Work Order/SF | $45.00 $50.00 $50.00 $30.00 L"l:ree". Re’ll Period l2Months 8 Months 12 Months 6 Months

•Comparable "A" Properties are based on current market leases. Properties are comparable based on some of tne following: There are not very many 1980's construction in (he subject property location. The condition of the space is considered comparable. The Toor plates" are comparable.

••Other Properly is for discussion purposes. This is space would be "typical" of other City leased office space. This space does not have the column span or ceiling heights that OEM is looking

OPERATING BUDGET i»ACT-7 World Trade

Total Square Footage 45,815 Years 1 - 5 $28 Years 6-10 $35 Years 11-15 $37 Years 16-20 $42 ! Landlord Work Order $4»SFol$.2,061,675

EXPENSE_BUb_GE,T FY99 “ F.YPO FXQl FY02

jBase Rent $28.00 $28.00 $28.00 $28.00 {Operating Costs $5.01 $5.16 $5.32 $5.47 Real Estate Taxes $3.70 «J0 $3.ZQ $3.70 j Cost per Square Foot j $36.71 $36.86 $37.02 $37.17 iGenerator Space* $180,000 $180,000 $180,000 $180, , Total Expense cost j . $1,868,755 $L87 5,?47

+ 1,500 square feet at $10 SF will be required for the generator on the 3rd floor.

CAPITAL BUDGET IMPACT - 7 World Trade

CA^^L^BUDGET FOJ8_aM„ERGENCYOPERATlO.N_CE^ER***_____

NYC-WTC_000170937