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Finance and Comm;erGe <br />Page 2 of <br />data from the Internationsl Cnuncil of Shopping Csnt�rs (ICSC). Statistics are based <br />on counting mul�tenant shopping centers of at least 20,400 square feet. <br />St. Paul BOMA market update <br />The Greater St Pa,il Building Owners dt Managers Associa�on (BOMA) has <br />releas�d the May � for it� 2003 St. Paul Q�,ic� Market �t,which reflected <br />conditions as of Aug.1,2003. <br />The report reveals that tY� office market renau�s tough m dowatown St �al. F�r the <br />BOMA report, vacancy m competitive space— not counting owner-occupied or <br />government buildings — ui downto�nm St. Paul climbed 2.1 percent since the last <br />repart to hit 21.5 percent, totaling 2.02 million square feet <br />Own�rs of Clasa A�nd C1ass C buildings �w�ver, �d a littie bit of good n�rs. <br />�oa�n� �a �Q� ha� �� �ne se� � � s�p #� �aa► r�+or� <br />Class A vacancy in dowsrtown St. Paul dropped fzan 16.8 percent to 13.2 p�t. <br />Meanwhile, Cl�ss � vacancy feI! � 22.4 percait to 171 p�t. Class B vacancy, <br />however, climbed fram 19.9 perc�nt to 26.3 percent over t�+ past nu� months. <br />In July, BOMA will b�in collecting information for its �A04 Market Report, due in <br />be released 'ni October. <br />�r�V�+ �� �rr�vr.na c�,r�rr,c� <br />• ����. <br />r� Q�r! h!�kl ��F� <br />�C�:��vyrw,��o�r.ca�re�e�_�1��3d,lri�a l�].��04 <br />