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(-- -.- <br /> (-- -.- <br /> Office Market Conditions Caltrain Accessible <br /> Have Shifted Significantly Locations Are In Highest <br /> Over 5 years Demand <br /> Q1/2009 Q1/2010 Q1/2011 •11 Q1/2012 Q1/2013 Q1/2014 Current <br /> Greater RWC Vacancy Rates 26.5% 30.50% 18.20% 9.80% 16.10% 11.800o 8.50% <br /> Downtown RWC Vacancy Rates 11.50% 7.90% 12.50% 8.30% 3.80% 5.409/0 4.40% <br /> Economic Conditions <br />