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TOTAL MARKET - COMBINED
<br /> III
<br /> CURRENT UNIVERSE
<br /> Annual Net
<br /> Total Occupied Vacant Percent Absorption
<br /> (Sq.Ft.) (Sq.Ft.) (Sq.Ft.) Vacant (Sq.Ft.)
<br /> Existing Projects 110,499,147 97,867,703 12,631,444 11.4% 714,198
<br /> New Projects 423,250 164,000 259,250 61.3% 164,000
<br /> Current Universe 110,922,397 98,031,703 12,890,694 11.6% 878,198
<br /> FUTURE PROJECTS HISTORICAL
<br /> Total Number Of NET ABSORPTION
<br /> (Sq.Ft.) Projects
<br /> Under Construction 341,000 5 8,000,000
<br /> Planned Projects 2,870,146 26
<br /> Future Projects 3,211,146 31 `.°
<br /> 6,000,000 .c
<br /> NET ABSORPTION(Years Ended April 30) dIs
<br /> w o
<br /> Annual Net Percent of ,ti 4,000,000 —
<br /> Absorption Occupied - _
<br /> Year (Sq.Ft.) Square Feet
<br /> 2000 4,137,046 5.8
<br /> 2,000,000
<br /> 1
<br /> 2001 1,539,835 2.1
<br /> III 2002 394,498 0.4
<br /> 2003 3,040,491 3.0 0 JUL —At
<br /> 2004 878,198 0.9 2000 2001 2002 2003 2004
<br /> Five Year Average 1,998,014
<br /> LARGEST CONTIGUOUS SPACE BREAKDOWN
<br /> Vacancy Size Number of
<br /> Square Feet Projects Square Feet
<br /> 0 926 0
<br /> 1—9,999 168 908,109
<br /> 10,000—24,999 135 2,146,256
<br /> 25,000—49,999 73 2,519,441
<br /> 50,000—99,999 38 2,711,325
<br /> 100,000+ 15 2,555,484
<br /> Total* 1355 10,840,615
<br /> *One block of space per project,may not reflect total vacancy.Not all projects reporting I argest Contiguous Space figures.
<br /> •
<br /> NAIOP 2004 ANNUAL INDUSTRIAL MARKET UPDATE 7
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