Investor Presentaiton
INVESTING IN LEADING CITIES IN THE SOUTH AND WEST
CITY OFFICE REIT
NATION-LEADING OFFICE DEMAND DRIVERS (1)
ATTRACTIVE MARKET CHARACTERISTICS
✓ "18-hour cities" with a high-quality urban living experience
✓ Low or no state taxes in most markets
Diverse employment bases with national and international employers
Educated workforces
Low-cost centers for businesses to operate
Sound transportation infrastructure with lower congestion
Strong and stable demand generators such as state capitals or
university proximity
PROJECTED EMPLOYMENT
GROWTH 2022 - 2027
4.1%
3.8%
5.4%
PROJECTED POPULATION
GROWTH 2022 - 2027
3.3%
3.2%
4.4%
Gateway National
Markets Avg
CIO
Markets
Gateway National
Markets Avg
CIO
Markets
2021 NET MIGRATION FAVORS SOUTH AND WEST (2)
Balanced Inbound Outbound
CIO INVESTS IN DESIRABLE SUBMARKETS
☐ Phoenix: Downtown, Scottsdale, Tempe, Camelback Corridor, Chandler
☐ Tampa: Downtown Tampa, Downtown St. Petersburg
3*
* Highest growth states
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Denver: Denver Technology Center, Northwest Corridor
Dallas: Preston Center, Uptown
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Orlando: Downtown Orlando, Florida Research Park
Raleigh: Downtown - Glenwood South
Portland: Sunset Corridor
San Diego: Mission Valley
☐ Seattle: Eastside / Bothell
(1)
Source: S&P Global, as of February 1, 2022. Gateway markets represent New York, NY, Boston, MA, Chicago, IL, Los Angeles, CA, San Francisco, CA and Washington, D.C.
(2) Source: U.S. Census Bureau, net change in state population between July 1, 2020 and July 1, 2021. Map shows top ten states for both positive and negative net migration
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