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Real Estate Trends

November 24, 1998

Burbank-Glendale-Pasadena Net Absorption (in millions of square feet)

Eight-quarter average: 0.04 million square feet

*

Burbank-Glendale-Pasadena Vacancy Rates

3rd-quarter 1998, with sublet: 9.2%

Without sublet: 7.7%

Note: Net absorption reflects the gain in rental space. Vacancy rate is the total vacant square footage divided by total rentable square footage in all existing buildings. Sublet space is space rented by primary tenants that is vacant and available for sublease.

Source: CoStar

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