Real Estate Report With 34 million square feet, Richardson has one of the largest concentrations of office, flex, and industrial space outside of Dallas' CBD. Rates Rents are quoted on a per square foot - per year basis. Office space is typically quoted on a gross rate, and will often include an electric cost pass-through Flex space, also called office flex or office showroom space, is usually quoted on an “industrial gross” basis In addition to base rent, a tenant pays its own electrical and janitorial costs, and a portion of certain common area charges Richardson Office/Flex/Industrial Space Overview SF (in Millions) Vacancy Average Total Office/Flex/Industrial 34.4 Office Total 21.7 18.1% $24.45/SF Office - Class A 10.8 18.3% $27.46/SF Office - Class B, C or other 10.9 17.9% $21.48/SF Flex Total 8.8 8.8% $12.77/SF Industrial Total 4.2 6.2% $9.53/SF Source: CoStar Group - August 2021 Examples of Richardson Office, Flex, Industrial Buildings Class A Office Space Definition: An office property with highest quality construction and workmanship, materials and systems, significant architectural features, high quality/expensive finish and trim, abundant amenities, first rate maintenance and management. Class B and Class C Office Space Definition: Class B offers more utilitarian space without special attractions, ordinary architectural design and structural features, average interior finish, systems, and floor plans, adequate systems and overall condition. Definition: Class C are "no-frills", older buildings Flex / Industrial Space Definition: Flex space also called office/showroom, designed to be versatile, used in combination with office, R&D, some service retail, including but not limited to industrial, warehouse, and distribution uses. Definition: Industrial space has more industrial uses such as assembly work, processing, and/or manufacturing products from raw materials or fabricated parts. Also warehousing, distribution, and maintenance facilities.