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01_21_2014 Agenda - Regular Meeting - Attachment 3
SCHEME B 7. 37 AC SCHEME A 4. 09 AC 57,500 10.0 57,000 9.9 56,500 9.84/1/2010 4/1/2000 9.8 million56,000 9.756,287 55,500 9.64/1/2010 55,5444/1/200055,000 9.59.5million DiamondBar54,500 9.4 LosAngelesCounty 54,000 9.3 37.33836.836.6 36 5 mile34 10 mile32.3 15 mile32 LA County30 28 2000 2010 2012 2017 Year 100% 80% 80% 60% 50% 60% 42% 40% 17% 20% 0% 7% 1% 20% 10% 18% 22% 24% 40% 29% 5 Mile 10Mile 15Mile LA County 34,000 10.09.1K 8.8K8.3K 9.033,000 8.0 Employment Rate, % 32,000 7.0 LaborForce, Employment 5.3K 6.031,000 4.9K4.8K 4.6K 5.04.0K3.8K 3.8K 3.6K30,000 3.4K 4.0 3.029,000 2.0 28,000 1.0 27,000 0.0 Labor Force EmploymentUnemployment Rate 5,000,000 1412.6 12.3 11.6 1210.94,800,000 UnemploymentRate (%) 10LaborForce, Employment 4,600,000 7.5 87.06.8 6.54,400,000 5.75.4 5.4 5.1 64.8 4,200,000 4 4,000,000 2 3,800,000 0 Labor Force Employment Unemployment Rate 45 25% Average Annual Asking Rent (NNN 38.62 37.6840 20.2% 19.5% 19.4% 18.9% 34.51 $34.55 20% 35 $32.1217.2% $31.82 31.1029.01 VacancyRate3013.5% 15% PSF) 25 11.2% 11.0% 20 10% 15 10 5% 5 0 0% 2006 4Q 2007 4Q 2008 4Q 2009 4Q 2010 4Q 2011 4Q 2012 4Q 2013 QTD LA County Asking Rent LA County Vacancy Rate 18.920.0 18.2 Deliveries AverageDeliveredSF17.0 14.7MillionsofSquareFeet13.913.9 13.915.0 11.0 9.9 9.410.0 5.34.7 4.44.35.0 3.73.53.53.4 2.82.5 2.42.32.11.81.5 1.51.51.1 1.1 1.10.8 0.8 0.0 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 20002001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 40 35.80 33.43AverageAnnualRent ($PSF) 32.57 31.4835 27.6127.38 27.2326.1330 25 20 15 10 5 0 2006 4Q 2007 4Q 2008 4Q 2009 4Q 2010 4Q 2011 4Q 2012 4Q 2013 QTD ClassA ClassB Class C 600,000 10.9% 11.6%11.6% 11.5% 11.9%11.2% 476,225500,000 10% 400,000 6.8% 401,7485.4% AbsorptionandDeliveries (SF) 300,000 5% 292,318278,642200,000 VacancyRate (%) 121,692106,969192,472 92,214100,000 140,000135,652118,104 12,99647,750 0 0% 2006 2007 2008 2009 2010 2011 2012 2013QTD 100,000) 73,227) 77,050) 200,000) 5% 300,000) 400,000) 360,947) 500,000) -10% NetAbsorption (SF) Deliveries (SF) Vacancy (%) 35 $32.83 14% AverageAnnualAskingRent (NNN $PSF) 30.41 12.0% 28.1430 12% 27.63 25.60 24.97 23.66 23.0725 10% 11.2% VacancyRate10.5% 10.3% 10.3% 20 8% 7.5% 15 6% 6.5% 5.9% 10 4% 5 2% 0 0% 2006 4Q 2007 4Q 2008 4Q 2009 4Q 2010 4Q2011 4Q 2012 4Q 2013 QTD Average Asking Rent (NNN $PSF) Vacancy Rate 200,000 12% 11.2% 12.0% 10.5% 10.3% 10.3% 150,000 9% 7.5% 5.9% 6.5% 138,449AbsorptionandDeliveries (SF) 100,000 6% 112,448 Vacancy Rate (%) 38,49850,000 3% 33,977 36,6662,92326,315 4 0 0 0 0 0 0 0% 20064Q 20074Q 20084Q 20094Q 20104Q 20114Q 20124Q 2013QTD 18,344) 20,248) 50,000) -3% 100,000) -6% 94,952) 150,000) -9% NetAbsorption (SF) RBADeliveredDeliveries (SF) Vacancy (%) Distance RackRate: RackRate: fromSite Monday Friday (May Visitor Meeting 6miles) Rooms May2013) 2013) Orientation Space (SF) 1.0AyresSuitesDiamondBar 101 $ 129 $ 129 Business 1,130 1.5BestWesternDiamondBar 97 $ 86 $ 88 Business 1,568 15.0DoubletreeClaremont 190 $ 149 $ 169 VFR 12,000 1.0HolidayInnDiamondBar 176 $ 103 $ 110 VFR 5,800 KelloggWestConference 4.0Center & Hotel 85 $ 109 $ 84 Business/VFR 12,800 6.0ParkInnCovina 258 $ 88 $ 97 Leisure 9,000 PacificPalmsConference 7.5Resort 300 $ 169 $ 169 Business 45,000 3.5QualityInnandSuitesWalnut 92 $ 95 $ 99 Leisure 966 3.0ShiloInnHilltop 129 $ 81 $ 81 Leisure 8,000 SheratonFairplexHoteland 7.0ConferenceCenter 244 $ 139 $ 169 Business 91,000 Distancefrom Service Type/ Pool/ Site (miles) HotelClass Level OwnershipSpaFitness AyresSuitesDiamondBar 1.0 UpperMidscale Limited Chain - LocalYY BestWesternDiamondBar 1.5 Midscale Full Chain - NationalYY DoubletreeClaremont 15.0 Upscale Full Chain - NationalYY HolidayInnDiamondBar 1.0 UpperMidscale Full Chain - NationalYY KelloggWestConference University, non- Center & Hotel 4.0 Economy Full profitYY ParkInnCovina 6.0 UpperMidscale Full d.n.a. Y Y PacificPalmsConference Resort 7.5 Upscale Full d.n.a. Y Y QualityInnandSuitesWalnut 3.5 Midscale Limited Chain - NationalYY ShiloInnHilltop 3.0 UpperMidscale Full ChainYY SheratonFairplexHoteland ConferenceCenter 7.0 UpperUpscale Full Chain - NationalYY City Location Description AECOM Stadium Scenario: Site Plan (1 diagram) and Massing Studies (4 diagrams) November 2013 Highest and Best Use Analysis 53