Real Estate Trends

Olympic Corridor Office Net Abosrption (in millions of square feet)

Eight-quarter average: 0.03 million square feet

The Olympic Corridor contains 3 million square feet of office space along Olympic Boulevard between Beverly Glen Boulevard and Bundy Drive

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Olympic Corridor Office Vacancy Rates

1st-quarter 1998, with sublet: 10.9%

Without sublet: 8.4%

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