Historical FAD Costs

TENANT IMPROVEMENTS (TI) AND COMMISSIONS

TI
+ Commissions for New Leases per RSF per year 
2002  2003 2004

2005

 2006

  2007

2008 YTD
$3.11 $3.33 $3.09 $3.58 $3.79 $4.21 $4.32
 

87,000 RSF of new leases were signed in 1Q08

 

TI + Commissions for Renewal & Expansion Leases per RSF per year

2002  2003 2004

2005

 2006

 2007

2008 YTD
$1.36 $1.52 $1.78 $1.99 $2.15 $2.60 $3.59
413,000 RSF of renewal & expansion leases were signed in 1Q08

 

BUILDING IMPROVEMENTS