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Commercial Real Estate

Real Estate Trends

February 20, 2001

Downtown L.A. Office Net Absorption

In millions of square feet:

Eight-quarter average: --0.05 million square feet

*

Downtown L.A. Office Vacancy Rates

4th quarter 2000, with sublet: 18.48%

Without sublet: 16.64%

*

Note: Net absorption reflects the gain in rented 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 Group

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