OFFICE MARKET

Tyler has 11 Class A office buildings totaling 852,340 square feet with a 2008 occupancy rate of 93.0%.  There are 30 Class B building with 988,958 square feet and a 87.5% occupancy rate.  In Class C, there are 11 buildings with 302,118 square feet and they are 88.0% 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 3.8% in 2008, but occupancy rates remained unchanged.

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.