Real Estate Trends

Westwood Office Net Absorption

(In millions of square feet)

1996

QII: 0.13

QIII: 0.09

QIV: 0.05

*

Eight-quarter average: 0.05 million square feet

*

1997

QI: --0.03

QII: 0.09

QIII: 0.03

QIV: 0.02

*

1998

QI: 0.03

Westwood Office Vacancy Rates

1998

1st-quarter 1998 with sublet: 6.0%

Without sublet: 5.2%

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