Louisville CBD Class B & C Office Space Absorption Notes

• (1) Inventory includes BOMA classes B and C, as well as LCA defined "Historic Rehab" buildings (HR-A, HR-B). Additional leasable buildings not in Commercial Kentucky, Inc. inventory, office condos, office suites, owner-occupied buildings and single purpose medical office buildings NOT included.
• (2) "New Space" defined as net addition to leasable inventory, including chan ges of use as well as new construction/rehabilitation and demolition.
• (3) Special note should be taken of transactions involving J.J.B. Hilliard, W.L. Lyons, Inc. In 1988 company relocated within CBD from proprietary headquarters (Madrid Building, 45,900 sq. ft.) to newly renovated "Hilliard Lyons Center". Both Madrid Building and Hilliard Lyons Center (177,000 sq. ft.) appears as "New Space"; the company expanded to occupy 135,000 sq. ft. at Hilliard Lyons Center.
• (4) Waterside Building (655,000 sq. ft.), formerly listed as owner-occupied has been added to leasable inventory and appears as "New Space".
• (5) Total square footage reported for Waterfront Plaza has been revised from 1,000,000 sq.ft. to 791,830 sq.ft.

Analysis by Louisville Central Area, Inc., using data obtained from Commercial Kentucky, Inc.; inventory based on Grubb & Ellis/Commercial Kentucky, Inc. definitions of market characteristics. A complete list of buildings from which this table is derived is available from LCA on request.