Real Estate Trends

Los Angeles Airport Office Net Absorption

(In millions of square feet)

1997 QIV: 0.03

*

1998 QI: -0.05

1998 QII: -0.38

1998 QIII: 0.06

Eight-quarter average: -0.05 million square feet

1998 QIV: 0.04

*

1999 QI: 0.02

1999 QII: -0.06

1999 QIII: 0.16

Los Angeles Airport Office Vacancy Rates

3rd-quarter 1999 with sublet: 30.6%

1999 QIII: Without sublet: 27.7%

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