Real Estate Trends
San Fernando Valley Office Net Absorption
(in millions of square feet)
1996 QIV: -0.05
*
1997 QI: -0.06
Eight-quarter average: 0.06 million square feet
1997 QII: 0.23
1997 QIII: 0.07
1997 QIV: 0.58
*
1998 QI: -0.10
1998 QII: -0.09
1998 QIII: -0.12
San Fernando Valley Office Vacancy Rates
1998 QII
3rd-quarter 1998, with sublet: 12.3%
Without sublet: 11.5%
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