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Dear Friends and Clients, Q2 has passed and while the world at large has been going through some tough times, we’re excited to share some glimmers of positive news in Southwest Florida. While the service industry has taken quite a hit we’ve seen the office sector remain stable and the market as a whole is showing signs of recovery. No matter what the future brings you can rest easy knowing that we’ll be here to help you navigate it. We’ll continue analyzing the data and providing you with our expert assessments of trends so you can make the most informed choices possible. Thank you for being a part of our network and feel free to call or email any time with questions about commercial real estate in our region. Sincerely, Gary Tasman CEO & Principal Broker Q2 MARKETBEAT ANALYTICS Navigating the Southwest Florida commercial real estate market and economic indicators affecting its performance can be a challenging task. Cushman & Wakefield | Commercial Property Southwest Florida offers quarterly MarketBeat reports to help you stay ahead of the real estate curve. MarketBeat reports offer trends, insights and forecasts on all segments of the commercial real estate market in the region. They provide answers to questions such as the current state of the market, and where the real estate market is going. Q2 2020 reports are now available. OFFICE Q2 2020 The situation remains very fluid. The Southwest Florida MSA had an total unemployment rate of 14.5%. Perhaps this being because the leisure and hospitality sector still account for an outsized portion of the entire economy at roughly 15%, and was the most exposed to the pandemic. However, office-using employment in Fort Myers has been one of the biggest job growth areas over recent years, reflecting the office sectors emergence. Download Report INDUSTRIAL Q2 2020 While the coronavirus pandemic has already caused economic disruption in Fort Myers, the industrial sector has proven resilient and appears the best positioned among commercial real estate property types to withstand the crisis. Industrial investment activity in Fort Myers has been historically strong and was on pace in early 2020 for a third consecutive year of over $100 million in sales volume. While the pandemic has stalled transactions since March, the market has such a strong start to the year, that even a moderate second half could still make it three in a row. Download Report RETAIL Q2 2020 Fort Myers’ retail investment activity has long been one of the market’s biggest success stories. Commercial real estate investors have preferred retail assets in Fort Myers over all other property types for thirteen consecutive years. Sales volume reached an all- time high in 2019 with just shy of $450 million and has remained well above the historical average for six consecutive years. The market was well on track to make it seven in a row in 2020, with a strong first quarter. However, the pandemic has cast some doubt on the number of retail trades that will close over the remainder of the year. Download Report LOCAL NEWS THE SAFE SIX CHECKLIST The migration from furloughed and Work From Home (WFH) workforce back to places of business will look different for every organization. How can real estate owners most effectively prepare their assets for the return of building occupants? And how can employers make sure they are prepared to receive their workforce—and make sure their employees are prepared? Faced with many of the same challenges, owners and occupiers have a unique opportunity to come together, following a handful of operational guiding principles to help navigate the return to the workplace. Download GLOBAL DATA CENTER ADVISORY GROUP As global technology rapidly changes, the demand for data center space is increasing at an accelerated rate. Scalability, reliability, and security are always the focus, but the costs are substantially high, making the right financial decisions crucial. Cushman & Wakefield’s Global Data Center Advisory Group provides strategic advice and real estate services to occupiers, landlords, investors, and operators. Download 2020 TENANT PREPAREDNESS FOR HURRICANES Obtain a copy of a Hurricane Preparedness information sheet such as FEMA Hurricane Hazards. We can fax you a copy upon request. Make sure that your flood and contents insurance policies are in place. NOTE: If a hurricane is in the cone, the insurance companies will not insure you. It is too late! Tenants on the ground floor should bring any loose outdoor items inside. Place a towel along your front door since the sills are usually lower and wind driven rains can enter your unit. Read More GLOBAL NEWS CUSHMAN & WAKEFIELD RELEASES 2019 CORPORATE SOCIAL RESPONSIBILITY REPORT “Our CSR Report showcases how our organization impacted our people, clients, business, shareholders, communities and the environment in 2019,” said Brett White, Executive Chairman & CEO of Cushman & Wakefield. “Our 53,000 employees around the world continue to make an impact in 2020 and have demonstrated extraordinary leadership and dedication through the pandemic. The health and safety of our people, clients and communities will remain our top priority in this challenging time.” Read More CUSHMAN & WAKEFIELD AND PLACER.AI PARTNER TO DELIVER RETAIL ANALYTICS Cushman & Wakefield announced an agreement with Placer.ai, the world’s most advanced foot traffic analytics platform, which will enhance the firm’s ability to help clients make data-driven decisions about their portfolios, particularly in the retail sector. By adopting Placer.ai, Cushman & Wakefield will equip the firm’s professionals to demonstrate key statistics about a property and its tenants to clients… Read More CUSHMAN & WAKEFIELD TO RELEASE SECOND QUARTER 2020 EARNINGS ON AUGUST 6 Cushman & Wakefield (NYSE: CWK) will release its second quarter 2020 financial results after the close of trading at 4:05 p.m. EDT on Thursday, August 6, 2020. Management will host a conference call following the release at 5:00 p.m. EDT on Thursday, August 6, to discuss the financial results. Read More CUSHMAN & WAKEFIELD AND MATTERPORT ENTER INTO GLOBAL AGREEMENT ACCELERATING VIRTUAL COMMERCIAL PROPERTY MARKETING Matterport, the market leader for spatial

Dear Friends and Clients, Attached please find our Q1 2020 newsletter. What a difference a pandemic makes. We started out the year on a high, thinking the market would continue to flourish and break records for the longest growth trend in history. Today, we know a completely difference world due to COVID-19. While we are currently challenged in ways we don’t yet understand, we study the market to find the new “normal”. We do know that our area will continue to grow, and growth will be solid for years to come.  We see recovery in the 2nd quarter and as such  the second half of the year is expected to show solid growth. We will continue to monitor the market and update you as data points shift. As always, thank you for your trust and confidence in our capabilities. Please feel free to call or email me any time with questions about commercial real estate in our region. Sincerely, Gary Tasman CEO & Principal Broker Navigating the Southwest Florida commercial real estate market and economic indicators affecting its performance can be a challenging task. Cushman & Wakefield | Commercial Property Southwest Florida offers quarterly MarketBeat reports to help you stay ahead of the real estate curve. MarketBeat reports offer trends, insights and forecasts on all segments of the commercial real estate market in the region. They provide answers to questions such as the current state of the market, and where the real estate market is going. Q1 2019 reports are now available. Download a free copy today. Local MarketBeats Office MarketBeat Q1 2020 Economy Download Q1 2020 Office MarketBeat Industrial MarketBeat Q1 2020 Economy Download Q1 2020 Industrial MarketBeat WHATS HAPPENING IN COMMERCIAL REAL ESTATE While we have had a severe impact locally and in the State of Florida and even the United States, we are behind the global markets as far as impact on the economy. We will be watching other economies to assess impact and reopening impacts on the market. We will be leveraging our Global Platform with Cushman and Wakefield to bring you the newest information on other economies “good and bad” for reopening plans. Click here it view the report and subscribe to updates. Here are some tips for working at home. As the new “normal” is defined in social distancing, 6 foot office seperation and the extension of work from home offices, rebalancing work and life will become challenging. Your kitchen table is now your office or classroom. Regular schedules are difficult to maintain as home and work morph into one. Click here to see the first in the series of podcasts. Technology Trends Amidst Covid-19 Disruption As many of us have been forced into work at home situations, we have learned personally and as a company how productive we can be. It was a bit challenging getting 20+ employees set up to work from home but with the help of a great out sourced IT professional we succeeded. We faced challenges many others faced as schools went virtual, the strain on our internet related infrastructure were taxed. See the trends that emerged as our company joined the quickly growing work force that relied on technology to continue to work and not miss a beat for our customers. FIVE FAST FACTS: Technology Trends Emerging Amidst COVID-19 Disruption by Cushman & Wakefield. SUPPORTING OUR COMMUNITY Cushman & Wakfield | Commercial Property Southwest Florida has very generously donated to the Southwest Florida Community Foundation to create a grant to feed kids in Southwest Florida. Never has this need been so strong. To give or if you need help, reach out to to the Southwest Florida Community Foundation by CLICKING THIS LINK. Gary and Karen Tasman along with several team members participated in the 1st ever Virtual Gala for Junior Achievement of Southwest Florida. The Virtual Gala was a huge hit despite the challenges of social distancing. Thank you Gary & Karen Tasman, Heather & Alex Adams and Gretchen Smith for your generous contributions to JA. Cushman & Wakfield | Commercial Property Southwest Florida participated in the 12th Annual Southwest Florida Wine & Food Festival to support pediatric health services at Golisano Children’s Hospital, Gulf Coast University and Florida Southwestern State College. The Grand Tasting and Live Auction were help on February 22, 2020. To Support the great work for the kids, CLICK HERE. RECENT MARKET MOVERS SIGNIFICANT SALES Golden Paws Assistance Dogs, Inc., a Florida non-profit corporation: 3645 Gateway Lane, Naples for $6,350,000 on March 2, 2020 from TMCFM, Inc., a Florida Corporation. (Gary Tasman and Shawn Stoneburner) Seagate Development Corp: Three Oaks Parkway, Fort Myers for $5,349,317 on January 8, 2020 from Alan Freeman (Gary Tasman and Shawn Stoneburner) IronCrest Capital: 3400 Lee Blvd, Leigh Acres for $5,412,500 on January 31, 2020 from Sunshine Professional Suites, LLC. Gary Tasman and Shawn Stoneburner GiGa Ventures, LLC: 12501 World Plaza Ln., Fort Myers for $645,000 on May 8, 2020 from FineMark National Bank & Trust (Gary Tasman and Shawn Stoneburner) Odyssey Child Care Center, Inc.: 4246 Evans Ave. Fort Myers for $499,000 on January 30, 2020 from Sakhi Sumangalam, Inc. (John Albion)   SIGNIFICANT LEASES Neogenomics Laboratories, Inc. leased 150,000 square feet of office/lab space for a term of 20 years at 3 Oaks Pkwy – Access undetermined Fort Myers from Seagate Alico I, LLC.; $XXX; NEW (Gary Tasman and Shawn Stoneburner) Winslow Marine Products Corp. leased 30,750 square feet of industrial/flex space for a term of 5 years at 11700 SW Winslow Dr. Punta Gorda from Ringo Ranch LLC; $6.00; Renewal (Gary Tasman and Shawn Stoneburner) Global HR Research, LLC leased 22,553 square feet of office space for a term of 51 months at 9530 Marketplace Rd., Suite 300, Fort Myers from Brookwood SFL II, LLC; $14.00; Renewal (Gary Tasman and Shawn Stoneburner) Gannett MHC Media, Inc. leased 18,750 square feet of warehouse space for a lease term of 36 months at 6291 Thomas Rd., Fort Myers from Suncoast Aluminum Furniture. $6.75; New (Gary Tasman and

Dear Friends and Clients, Attached please find our Q3 2019 newsletter. Third quarter market fundamentals remained strong as vacancy lowered in most sectors and rents increased. Most significantly, in the industrial sector, lack of inventory is driving new projects that will be available in the fourth quarter of 2019 and the first quarter of 2020. All indications point toward a strong end of 2019 and the beginning of 2020. As always, thank you for your trust and confidence in our capabilities. Please feel free to call or email me any time with questions about commercial real estate in our region. Sincerely, Gary Tasman CEO & Principal Broker Q3 Marketbeat Reports Navigating the Southwest Florida commercial real estate market and economic indicators affecting its performance can be a challenging task. Cushman & Wakefield | Commercial Property Southwest Florida offers quarterly MarketBeat reports to help you stay ahead of the real estate curve. MarketBeat reports offer trends, insights and forecasts on all segments of the commercial real estate market in the region. They provide answers to questions such as the current state of the market, and where the real estate market is going. Q1 2019 reports are now available. Download a free copy today. Local MarketBeats Q3 2019 Office Market Beat Economy Southwest Florida, which includes Charlotte, Lee and Collier counties, had an unemployment rate of 3.8%, down 10 basis points (bps) year over year. The unemployment rates for the three counties with office inventory were 3.5% in Lee County,the largest… Market Overview The market wide overall vacancy rate narrowed to 5.2% at the close of third quarter, a -80 bps decrease from second quarter 2019. Overall market vacancy stabilized for Class A office space as leasing activity and… Download 3Q Office MarketBeat Q3 2019 Industrial Market Beat Economy Southwest Florida, which includes Charlotte, Lee and Collier counties, had an unemployment rate of 3.8%, down 10 basis points (bps) year over year. Lee County had the lowest unemployment rate at 3.5%, while Collier County was at 3.8% and Charlotte… Market Overview The overall vacancy rate closed out third quarter 2019 at 2.9%, driven mostly by tenant move-outs in the Lehigh submarket. This vacancy rate remained unchanged for the total market from last quarter… Download 3Q Industrial MarketBeat 3Q 2019 Medical Office Market Beat Economy Southwest Florida, which includes Charlotte, Lee and Collier counties, had an unemployment rate of 3.2% in September 2019. Lee County, with the largest medical office market in the region, had an unemployment rate at 2.9%, while Collier County was at 3.2% and Charlotte County… Market Overview The overall vacancy rate was historically low at the end of third quarter. Vacancy rates decreased from 9.3% this time last year to 8.4%, a -90 bps decrease. During this timeframe asking rent stabilized, remaining consistently … Download Medical Office Beat WHAT’S HAPPENING IN COMMERCIAL REAL ESTATE U.S. Economy Still Growing: Consumers Confident and Spending The U.S. economy continued to grow at a steady pace in the third quarter of 2019, adding approximately 470,000 new jobs, of which 140,000 were in the key office-using sectors. Consumer confidence… Read More of Cushman & Wakefield U. S. Economy and MarketBeats… Have you called your primary care doctor lately and been told to go to urgent care? It is the trend in the medical Sector. It is also a great opportunity for medical office space investors. Urgent care centers (UCC) will bridge the gap between planned primary care visits and jammed emergency room visits. Urgent care centers free up emergency services by treating immediate needed, but non-life threatening illness or injury. UCCs are characteristically free-standing. Another new trend is major retail pharmacy chains creating retail clinics inside the pharmacy that give vaccinations, treat minor illness without the need for a doctor. Florida has the highest forecasted need for new urgent care centers by 2030 based on population growth, specifically those 65 years and older. In Charlotte, Lee and Collier County, six (6) new UCCs opened since 2016. For more information on the Urgent Care Surge, click Here. Charlotte, Collier, Lee, Hendry, and Glades Counties have designated Opportunity Zones. Opportunity Zones incentivize investment in low-income or economically challenged areas. Program Benefits: Opportunity Zone Programs are similar to 1031 exchange in that the property is identified within a designated time frame, 180 days. December 31, 2019 is the initial deadline. Capital gains can be deferred up to December 31, 2026. Investors may defer taxes on long-term capital gains, effectively reducing tax liability to 15%, but must hold interest in the asset for at least five years. Investors who hold the fund for at least ten years can sell their interest in the property, and there is no capital gains tax. Some programs require job creation along with the capital investment in the Qualified Opportunity Zone. This map illustrates the Opportunity Zones in Southwest Florida. If you are interested in investing in an opportunity zone or own property in an opportunity zone, we will help you through the process. Click here to access Frequently Asked Questions by Cushman & Wakefield’s Opportunity Advisory Group Click here to link to the IRS Frequently Asked Questions about Opportunity Zones. RECENT MARKET MOVERS SIGNIFICANT SALES 17280 Jean St., Fort Myers was sold to 17280 Jean St, LLC for $772,500 from Resun Modspace, LLC: Gary Tasman and Shawn Stoneburner 16281 & 16291 Domestic Ave., Fort Myers was sold to GH Domestic Ave, LLC for $2,895,000 from HMTW Land Fund I, LLC: Gary Tasman and Shawn Stoneburner. North Cape 68 / Multiple 10 Lots, Cape Coral was sold to D.R. Horton, Inc. for $110,000 from Landmark Assets Florida, LLC: Gary Tasman and Shawn Stoneburner. Keith Pickard dba: Marlin Plaza, Inc.: 5611 & 5631 Six Mile Commercial Ct., Fort Myers, FL for $6,500,000 from Marlins Property Holdings, LLC Gary Tasman and Shawn Stoneburner. SIGNIFICANT LEASES Klocke of America, Inc. leased 18,419 square feet of industrial space for a lease term of 60 months at 16260 Airport Park Drive, Fort Myers from Premier/Sum Fort Myers,

Dear Friends and Clients, We are more than halfway through 2018 and thus far, it’s been a good year for commercial real estate. New developments are coming to fruition, investor outlook remains stable for the office sector and the Florida commercial real estate industry ranks third in the U.S., according to an annual economic impact study by NAIOP. Cushman & Wakefield | Commercial Property Southwest Florida finished Q2 strong and to add to our excitement, we have been nominated for the Industry Appreciation Business Citizenship Award. Thank you to our friends and clients for your continued support.  We look forward to serving you throughout the second half of 2018. Sincerely, Gary Tasman CEO & Principal Broker Q2 MARKETBEAT REPORTS Navigating the Southwest Florida commercial real estate market and economic indicators affecting its performance can be a challenging task. Cushman & Wakefield | Commercial Property Southwest Florida offers quarterly MarketBeat reports to help you stay ahead of the real estate curve. MarketBeat reports offer trends, insights and forecasts on all segments of the commercial real estate market in the region. They provide answers to questions such as the current state of the market, and where the real estate market is going. Q2 2018 reports are now available. Download a free copy today. COWORKING TREND Coworking spaces are becoming the norm in many metropolitan cities. According to the 2017 Global Coworking Survey, it is estimated that more than 1.1 million people went to work at 13,800 coworking spaces worldwide. See how the trend is affecting SWFL.Read More FINANCIAL SERVICES REPORT Financial services companies are set to occupy more office space over the next two to three years. In the first four months of 2018, there were slightly more than 8.5 million people employed in the financial services sector representing about 27% of all office-using jobs in the country.Read More MULTITENANT WAREHOUSE OUTLOOK Healthy demand and tight supply has made Multitenant Distribution(MTD) among the best performing commercial real estate segments. MTD comprises the largest share of U.S. industrial product and an even greater share of industrial properties with income-generating promise that attract the attention of institutional buyers.Read More SPOTLIGHT ON CYBERSECURITY Each day the world creates 2.5 quintillion bytes of data, with 90% of all existing data created over the past two years alone. With more of our business and personal lives being stored and logged online, the need for cybersecurity has never been more urgent.Read More U.S. SHOPPING CENTER REPORT Consumer confidence remains at a historically high level indicating future growth. These consumer metrics are all positive signs for a strong retail market.Read More 2ND LONGEST ECONOMIC EXPANSION IN HISTORY On May 1, the current economic expansion officially became the second longest in history at 107 months. Only the 1990s expansion of 120 months was longer. Will it end? Read more and the factors to watch for in Cycle Watch.Read More INDUSTRY APPRECIATION AWARDS NOMINATION– BUSINESS CITIZENSHIP Cushman & Wakefield | Commercial Property Southwest Florida is proud to be a nominee for the Industry Appreciation Award for Business Citizenship. The award, is given to a company whose financial, volunteer and active involvement in community organizations and programs create a better quality of business and civic life in Lee County. Awards will be given in two categories: Large (51+ employees), Small (1-50 employees) – An awards luncheon will be held on Oct 4 to announce the winners. JUNIOR ACHIEVEMENT BOWL-A-THON Cushman & Wakefield | Commercial Property Southwest Florida will be a co-sponsor for the upcoming 2018 Junior Achievement Bowl-a-thon, being held on Wednesday, August 29 from 6:00 p.m. – 8:30 p.m. at HeadPinz Entertainment Center in Fort Myers. This will be our third year as a sponsor of the event. The event raises funds to support Junior Achievement of Southwest Florida programs throughout schools in SWFL. Come out and support our team, or form your own team of six players. Sponsorship opportunities are available. Go to JASWFL.org for more details. CUSHMAN & WAKEFIELD EMPLOYEES CLEAN UP Cushman & Wakefield | Commercial Property Southwest Florida volunteers recently showed their pride in the City of Fort Myers with clean-up efforts along the portion of the road we sponsor – Summerlin Road corridor from Brantley Road to College Parkway – through the Adopt A Road program. Volunteers braved the heat to reduce the amount of trash, while sharing stories of the best trash picked and developing a profound camaraderie. The Adopt A Road program is easy to join and a great way to show community support. EMPLOYEE SPOTLIGHT Coming soon, we will be introducing the Cushman & Wakefield | Commercial Property Southwest Florida ‘employee spotlight’ which will highlight our great employees and the wonderful work they do in and out of the office. We are excited to give our friends and clients a glimpse of the C&W team and all that we have to offer. SALES Closed – 4/25/2018 – Gary Tasman and Shawn Stoneburner represented the buyer, Continental 422 Fund LLC to purchase a 34.19 acre parcel of vacant land located at 4467 Thomasson Drive, Naples for $12,990,000. Closed – 4/10/2018 – Gary Tasman & Shawn Stoneburner represented the seller in the sale of the News Press Campus located at 2404 Dr. Martin Luther King Jr., Blvd. The campus consisted of 4 buildings totaling over 180,000 SF, set on over 11 acres in a prime mid-town location. The property sold for $4,755,682 to an investment company from NY. Closed – 5/8/2018 – Gary Tasman & Shawn Stoneburner represented both the buyer and seller in negotiating the sale of a vacant parcel of land adjacent to I-75 at Colonial Blvd., the 20 acre parcel sold for $4,400,000 to LIV development. Closed – 6/18/2018 – Gary Tasman & John Albion represented the buyer Maugeri Investment Properties to purchase 3.10 acres of vacant land located at 14565/14575 Global Parkway for $875,000.00. Closed 6/15/2018 –Gary Tasman and Pamela Van Vleck represented the Seller, Petray Property Investments in selling a 11,340 SF mixed- use retail/office property located at 1469