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DRAFT <br />Table 1B. Market Feasibility /Susceptibility to Change Factors for the 3 Alternatives <br />Commercial Park/ Tech Office Biotech Lab/ R&D Port Industry & Port Related Use <br />Bay Area Market Continues Strong Continues Strong Strong market for building components <br />but issue is in financial feasibility given <br />price paid for land at Harbor View and <br />existing land uses on Port sites. <br />Location and/or Business <br />Characteristics of Site and <br />Site Vicinity <br />Per JLL, mid -peninsula is <br />benefiting from limited supply of <br />space for Silicon Valley users <br />whose need is smaller than 10,000 <br />SF. <br />Redwood City / East of 101 Per JLL, peninsula tech sector is <br />Positive Demand Indicators reigniting with tenants migrating <br />from Silicon Valley to submarkets <br />like Redwood City <br />Negative Demand <br />Indicators/Issues for Sites <br />Bay Side of 101 <br />Conclusion Re: Market <br />Strengths/Weaknesses <br />Source: KMA/Sandis <br />Interest is greatest in transit <br />oriented access but leasing activity <br />is spreading further out from the <br />Cal Train spine <br />See Table 1A <br />Largest Bay Area concentration is <br />in San Mateo County, but <br />principally South San Francisco. <br />Other 2 major concentrations: SF <br />& Emeryville <br />Virtually full at Seaport Center <br />but smaller tenant profile than <br />South San Francisco and Mission <br />Bay <br />Requirements that lab space be <br />50% of built space <br />Densification at Seaport Center <br />permitted by zoning but has not <br />occurred. <br />See Table 1A <br />\\SF-FS2\wp\18\18610\010\Financial Feasibility -Harbor View 1.16.18.docx <br />Per 2015 bond issue, scrap metal, sand <br />and construction aggregate are the <br />major dry bulk commodities shipped <br />through the Port. Also non maritime <br />land leasing & recreational land leasing <br />& recreational boating activities <br />Port successfully marketed revenue <br />bonds in 2015 (refund of an earlier <br />issue), and has also been successful in <br />extending longterm leases <br />See Table 1A <br />v <br />CD <br />N <br />N <br />