The Schenk Company, Inc. - National Tenant Representative and Commercial Property Advisory Services Firm - tenant representation, tenant representation seminars, education,training, commercial property, commercial property advisory services, advisory serv

THE SCHENK COMPANY, INC.

Spring 2007

In National Real Estate Investor Magazine, it stated Columbus, Ohio has the second worst office vacancy in the country! What does this mean to you and your clients? Great Opportunities to renew leases early at below market rates or get new space to lease at terms not seen in my twenty years in the business. If you haven't put together a plan yet and set goals for 2007 and beyond, now is the time to do so to take best advantage of the market.

Please let us give you a no cost review of your leased and owned facilities and put a plan together to improve your bottom line for 2007 and years to come.

So much is happening in the world that I thought it was important to contact you and let you know first how much we appreciate the opportunity to assist you in the past and value your relationship and how much time and money we are currently saving our clients in renewal strategies for existing leases, refinancing on existing owned facilities and negotiating on new sites to lease, purchase and build to suit.

It’s also a great time to invest in commercial real estate and balance your portfolio as interest rates remain low and new construction costs climb making existing properties more valuable. If you haven’t thought about a strategic plan for your facilities now is the time to do so. We will look over your existing lease at no charge to you and show you how we can improve your bottom line.

Valued clients and friends have been referring us business for the last twenty years and we appreciate your referrals as they are the lifeblood of our business.

We have been honored as one of the top of our profession every year and continue to work hard and smart to give you the insight and expertise needed to insure your short and long-term goals are met.

Think about whom else could benefit from our services. If you haven’t seen our web site in a while please see www.irepthetenant.com
We look forward to seeing you soon.

Sincerely,

Greg Schenk SIOR

President

Columbus Office Vacancy and Rental Rates

Market	Num of Bldgs	Total RSF	Direct Vacant	Vacancy Rate	Sublease Available	Vacancy w/Sublet	Average Rent Rate
Central Business District	99	10,605,845	1,946,516	18.4%	205,622	20.3%	$18.30
North	173	9,606,186	1,943,130	20.2%	49,711	20.7%	$15.49
NorthEast	143	6,717,036	967,537	14.4%	118,668	16.2%	$18.10
NorthWest	335	10,648,575	2,068,234	19.4%	113,062	20.5%	$16.57
Outlying	20	816,890	200,151	24.5%	1,325	24.7%	$16.05
SouthEast	98	2,804,781	611,660	21.8%	19,715	22.5%	$14.91
SouthWest	15	192,948	45,246	23.4%	5,000	26.0%	$15.19
Grand Total	883	41,392,261	7,782,474	18.8%	513,103	20.0%	$16.88

Notes - Statistics are based on existing buildings that are available for lease (and do not include owner occupied buildings, government buildings or buildings that are under construction or proposed). Average Rent Rates are calculated on a full-serviced lease basis, using a weighted average (the bigger the building, the more impact it has on the average).

Commercial Real Estate Advisory Services

1350 W. Fifth Avenue Suite 224 ● Columbus, Ohio 43212 ● 614-487-1972 ● Fax: 614-635-3442