Historical FAD Costs

TENANT IMPROVEMENTS (TI) AND COMMISSIONS

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

2005

 2006

  2007

$3.11 $3.33 $3.09 $3.58 $3.79 $4.21

87,000 RSF of new leases were signed in 4Q07; 484,000 RSF of new leases signed year to date

 

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

2002  2003 2004

2005

 2006

 2007

$1.36 $1.52 $1.78 $1.99 $2.15 $2.60

 

644,000 RSF of renewal & expansion leases were signed in 4Q07; 1.8 million RSF signed year to date

 

BUILDING IMPROVEMENTS