Laserfiche WebLink
<br />Mr. Aaron Parrish <br />August 15, 2003 <br />Page Two <br /> <br />. <br /> <br />Condition of the Real Estate Market: <br /> <br />Office Space Market: <br /> <br />2000 - 2003 (I" half) <br /> <br />Office Vacancies: <br />(Total Market) <br /> <br />Rose from 1l.9% to 21.70010 <br /> <br />. Direct . Wilh Sublease <br /> <br />OFFICE VACANCY <br /> <br />22 <br /> <br />17 -..--"'-------.--.--.------- <br /> <br />20.5% 21.1% <br />/~. <br />'_~'" 1A 18.4% <br /> <br />7 <br /> <br />11.~ <br />. 10~ <br />1S'll1 8.4% -.---. 11)..D% <br />.--.-- <br />7.2%~ <br /> <br />/ <br /> <br />12- 10.0% <br />~'% <br />..... <br /> <br />,~". <br /> <br />0- <br />Z <br />... <br />U <br />... <br />> <br />0- <br />Z <br />'" <br />U <br />'" 'OS <br />'" <br />a... -3- <br /> <br />7,'" <br /> <br />~". <br /> <br />2 <br /> <br />'02 "03 <br />....- <br /> <br />... <br /> <br />." <br /> <br />... <br /> <br />... <br /> <br />'00 <br /> <br />'0' <br /> <br />. <br /> <br />Office Space Absorption: <br />(Total Market) <br /> <br />Negative (2.150,000) square feet from the <br />end of 2000 to 2003 <br /> <br />OFFICE ABSORPTION <br /> <br />4,,--- <br /> <br />3 <br /> <br />~" <br /> <br />2 <br /> <br /> <br /> <br />'" <br />Z <br />o <br />::; <br />... <br />:>: <br /> <br /> 033 'V2 '03 <br /> ....- <br />0 <br />... ... ." ... ... '00 '0' <br />111 'UQ <br />121- 11..831 <br />131 <br /> <br />0- <br />'" <br />'" <br />... <br />'" <br />'" <br />... <br />" <br /><> <br />'" <br /> <br /> OFFICE VACANCY AND ABSORPTION <br /> IFrRST HALF" 2DDJ. <br />SUBMARI([T TOTAl"OF NO. VACANT SPACE PERCENT PERCENT VACANT SECOND HALF 2002 ,..2 FIRST HALF 2003 <br /> BUILDINGS. VACANT wI SUBLEASE ABSORPTION ABSORPTION ABSORPTION <br />MiMeapotis CBD '02 26.1S3.8&ti 5,288.457 20,_ 23.7% 1385,806} 11,099,9911 l4.....n <br />.........~ 03 6,207.366 838.824 13.50% "3ll% 2'1,<20 U22.0161 ....'" <br />""""""" 13 1,519..464 288.594 19.00% 19.20% 182,.216J ISO.mI ~O.18O <br />SouthIAirport " 4.896.482 189.157 16.10"4 18.60% 1~.351 135,831 30.958 . <br />Sou,........ ". 13.601.685 2.J.lV.79 11.30% 20_ 19&,211) 1252,1521 ~2.5111 <br />S1.PalltCBD 51 8,273.351 J.666..8ll6 20.10"4 11.20'4 1I:J5,S99l 1197.1511 112tU021 <br />..... " B;l8S.S02 1,504.282 11.90% 21.20%0 IH2,247) 1240.4701 '45.J99J <br />TOTAl. MARKET 559 "JIZ1.7'ZO 'U2U>9 ,...... 21.10% ......... 11,826.2301 16$<,4731 <br />