Real Estate Trends

Downtown Long Beach Office Net Absorption (in millions of square feet):

Eight-quarter average: 0.05 million square feet

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Downtown Long Beach Office Vacancy Rates

1998 -- Without sublet: 17.3%

3rd-quarter 1998 with sublet: 18.8%

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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 spaced rented by primary tenants that is vacant and available for sublease.

Source: CoStar