TITLE HERE – 35PT ALL CAPSSUBTITLE HERE – 25PT ALL CAPS

AVERAGE VACANT AVAILABLE

HIGHLIGHTS – 1ST QUARTER 2012CLEAR LAKE / NASAKEY MARKET INDICATORS CLEAR LAKE / NASA NEWS

SUPPLYSUPPLYVACANCYTOTAL VAC RATEUNDER CONST

4,525,207 SF1,021,985 SF23%0 SF

1550 Post Oak/30-story office tower “coming” 3009 Post Oak under construction 302,000 sf (9/13)

2200 Post Oak under construction 380,000 sf (5/13)BBVA leases 156,000 sf @ 2200 Post Oak Apache renews 500,000 sf +One & Two Post Oak Central

Weatherford relocates to 2000 St. James Place, 335,027 sf Southern Union relocates to Galleria Tower II, 90,000 sf

New Construction Rental Rates $39—$43 psf

DEMAND YTD NET ABSORPTION 1,021,985 SF

PRICING12 MO RENT % CHANGECLASS A OVERALL RENTCLASS B OVERALL RENT

5%$29.25 PSF$19.79 PSF

COMPETITIVE SET

List Properties HereList Properties HereList Properties HereList Properties HereList Properties HereList Properties HereList Properties HereList Properties HereList Properties HereList Properties Here

List Properties HereList Properties HereList Properties HereList Properties HereList Properties HereList Properties HereList Properties HereList Properties HereList Properties HereList Properties Here

LANDLORD PERSPECITVE TENANT PERSPECITVE Landlords continue to scale back the aggressive concession packages offered in recent quarters to at-tract tenants. Free rent and parking concessions have decreased significantly.

Tenants who are prepared to make commitments in the short-term continue to have leverage, but the window of opportunity to secure attractive long-term rental rates and quality space will soon begin to close.

COMPETITIVE OVERVIEWIT HAS NEVER BEEN MORE IMPORTANT TO GET A RESPECTED SECOND OPINION.

The graphs below depicts 34 buildings with at least 30,000+ sf of available space in the West Loop / Greenway Plaza Market Area as a “Competitive Set”. The Competitive Set is compared to a Target Property (could be Your Building?) as a benchmark of where things

stand. Future Rates/ Vacancy improve at 2% annually.

AVERAGE RENTAL RATES “ASKING”

WOODLANDSWESTLOOP

GREENWAY

KATYCBD

NORTH BELT

SOUTHWEST

MIDTOWN

CLEAR LAKE/NASA

WESTCHASE