Real Estate Trends

Miracle Mile Office Net Absorption

In millions of square feet:

Eight-quarter average: 0.05 million square feet.

Miracle Mile Office Vacancy Rates

4th quarter 1999, with sublet: 12.1%

Without sublet: 10.3%

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 Group Inc.