As part of Coldwell Banker Commercial's Review of Commercial Real Estate in the first decade of the 2000s, this part examines the Industrial Sector with key transactions, vacancy rates and happenings during each year.

1. Industrial 2001—2009
7,000 12% 250,000,000
Industrial Transactions & Avg Cap Rate Industrial Absorption
6,000 10% 200,000,000
5,000
8% 150,000,000
4,000
6% 100,000,000
3,000
4% 50,000,000
2,000
1,000 2% 0
0 0% 01' 02' 03' 04' 05' 06' 07' 08' 09'
-50,000,000
Trans 01' 02' 03' 04' 05' 06' 07' 08' 09' CAP -100,000,000
Source: Real Capital Analytics Source: CoStar (Flex & Warehouse combined)
$60,000 $100 $8.00 12%
Industrial Volume & Price/SF Industrial Rental & Vacancy Rates
$50,000 $80 10%
$6.00
$40,000 8%
$60
$30,000 $4.00 6%
$40
$20,000 4%
$2.00
$10,000 $20 2%
$0 $0 $0.00 0%
Millions 01' 02' 03' 04' 05' 06' 07' 08' 09' P/SF Rental
01' 02' 03' 04' 05' 06' 07' 08' 09' Vacancy
Source: Real Capital Analytics Source: CoStar (Flex & Warehouse combined)
Significant Transactions: Flex
Name City, ST SF Price $/SF Buyer Year
Dallas Market Center Dallas, TX 4,800,000 $249,000,000 $52 CNL Income Properties 2005
Sun Microsystems Cmplx Burlington, MA 805,000 $212,000,000 $263 Nordic Properties 2007
Sunset Gower Studios Los Angeles, CA 415,000 $205,000,000 $493 Hudson Capital 2007
San Diego Tech Center San Diego, CA 647,000 $185,000,000 $286 Maguire Properties 2005
Northlake Data Center Melrose Park, IL 700,000 $181,000,000 $259 Microsoft 2009
Significant Transactions: Warehouse
Pfizer La Jolla Campus La Jolla, CA 770,000 $372,000,000 $483 Pfizer Corp 2004
Metro Chicago Chicago, IL 3,743,211 $231,000,000 $62 RREEF Funds 2005
Pacific Gateway Ctr Torrance, CA 1,252,708 $195,000,000 $156 Prudential RE Investors 2006
Chino South Business Park Chino, CA 1,807,421 $147,000,000 $81 John Hancock Insurance Co 2008
110-112 Hidden Lake Duncan, SC 786,778 $135,000,000 $171 Lexington Corp Prop. Trust 2005
Source: Real Capital Analytics
View next page for a breakdown of the Industrial Sector by year 16
View other sections: www.cbcworldwide.com/review

2. Industrial Breakdown
17
View other sections: www.cbcworldwide.com/review