|
TOTAL MARKET - OFFICE SHOWROOM
<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 21,122,221 19,202,610 1,919,611 9.1% 659,988
<br /> New Projects 323,250 164,000 159,250 49.3% 164,000
<br /> Current Universe 19,366,610 2,078,861 9.7% 823,988
<br /> FUTURE PROJECTS HISTORICAL
<br /> Total Number Of NET ABSORPTION
<br /> (Sq.Ft.) Projects -
<br /> Under Construction 341,000 5 1,600,000 0
<br /> Planned Projects 902,942 11 N
<br /> Future Projects 1,243,942 16 G
<br /> 1,200,000 Go
<br /> a
<br /> enNET ABSORPTION(Years Ended April 30) t,, 800,000mi
<br /> ry
<br /> Annual Net Percent of E.
<br /> Absorption Occupied
<br /> Year (Sq.Ft.) Square Feet 400,000 g,
<br /> 2000 1214,002 7.3
<br /> 2001 46,609 0.3
<br /> 0 2002 388,197 2.10
<br /> i 1 J J J yJ
<br /> 2003 115,298 0.7 2000 2001 2002 2003 2004
<br /> 2004 823,988 4.3
<br /> Five Year Average 517,619
<br /> LARGEST CONTIGUOUS SPACE BREAKDOWN
<br /> Vacancy Size Number of
<br /> Square Feet Projects Square Feet
<br /> 0 195 0
<br /> 1—9,999 67 387,222
<br /> 10,000—24,999 44 694,760
<br /> 25,000—49,999 9 328,076
<br /> 50,000—99,999 4 313,067
<br /> 100,000+ 1 104,262
<br /> Total* 320 1,827,387
<br /> RENT SUMMARY
<br /> Average Low - High
<br /> Office Rent $9.15 $6.50 - $14.00
<br /> Warehouse Rent $4.50 $3.50 - $6.75
<br /> Blended Net Rent(Assuming 50%Office) $6.83
<br /> Taxes&Op.Exp. $3.61 $1.25 - $9.14
<br /> • •One block of space per project,may not reflect total vacancy.Not all projects reporting Largest Contiguous Space figures.
<br /> NAIOP 2004 ANNUAL INDUSTRIAL MARKET UPDATE 9
<br />
|