CapitaLand Integrated Commercial Trust - Annual Report 2021

FRANKFURT OFFICE SPACE COMPLETIONS AND FUTURE SUPPLY (OVERALL MARKET) FRANKFURT OFFICE SPACE COMPLETIONS AND FUTURE SUPPLY BY SUBMARKETS (CBD, BANKING DISTRICT & AIRPORT DISTRICT) FRANKFURT DEMAND (OVERALL MARKET) 250 200 150 100 50 0 Office Supply (‘000 sq m) 2020 2021 2022F 2024F 2023F 2018 2016 2019 2017 84.7 45.3 126 18.0 14.0 179.2 101.4 104.7 158.7 185.8 200.0 66.2 174.9 58.2 Completed Speculative Pre-let Owner-occupier Completed (CBD) Completed (Banking District) Completed (Airport District) Source: CBRE Germany Research, 4Q 2021 Source: CBRE Germany Research, 4Q 2021 Source: CBRE Germany Research, 4Q 2021 140 120 100 80 60 40 20 0 Office Supply (‘000 sq m) 2020 2021 2022F 2023F 2024F 2018 2016 2019 2017 96.7 95.4 0 0 43.2 52.5 9.6 61.5 38.2 11.9 11.8 52.5 28.7 34.8 2.8 38.6 5.8 2.7 0 0 7.0 24.9 25.0 16.9 125.2 120.9 546.4 716.6 620.2 552.5 330.2 436.8 2020 2021 2018 2016 800 700 600 500 400 300 200 100 0 2019 2017 Demand (‘000 sq m) CapitaLand Integrated Commercial Trust 114 Independent Market Review