OFFICE MARKET

Tyler has eight Class A office buildings totaling 827,000 square feet with a 2006 occupancy rate of 93%.  There are 28 Class B building with 910,000 square feet and a 84.6% occupancy rate.  In Class C, there are 13 buildings with 315,000 square feet and they are 86.2% occupied.  The table below shows Tyler’s major Class A office users.

MAJOR CLASS A OFFICE USERS

Building Name Location Largest Tenant First Place Downtown Regions Bank Grande Center South Tyler EOG Resources Herd Building South Tyler Ty-Tex Exploration Hibbs Financial Center South Tyler Claims Administrative Services Hibbs-Hallmark One American Center South Tyler Wilson Law Firm Internal Revenue Service PBS & J Engineers Plaza Tower Downtown U.S. Bankruptcy Court U.S. Attorneys Southeast Center South Tyler Bank of America Two American Center South Tyler Healthfirst

OFFICE MARKET TRENDS

The average lease rates for office space increased 5.0% in 2007, and occupancy increased slightly by 2%.

More detailed information about Class A, B, and C office space and users can be found in the Office Market Survey produced annually by Burns & Noble Commercial Real Estate.