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Real Estate Trends

South Orange County Office Net Absorption

(in millions of square feet)

Eight-quarter average: 0.15 million square feet

South Orange County Office Vacancy Rates

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4th-quarter 1998, with sublet: 6.5%

Without sublet: 6.0%

*

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.

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