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AIRPORT, SOUTH - COMBINED <br /> i <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 17,218,060 14,521,005 2,697,055 15.7% (621,003) <br /> New Projects 100,000 0 100,000 100.0% 0 <br /> Current Universe 17,318,060 14,521,005 2,797,055 16.2% (621,003) <br /> FUTURE PROJECTS <br /> Total Number Of <br /> (Sq.Ft.) Projects <br /> Under Construction 144,000 2 <br /> Planned Projects 456,500 5 <br /> Future Projects 600,500 7 <br /> NET ABSORPTION(Years Ended April 30) <br /> Annual Net Percent of <br /> Absorption Occupied <br /> Year (Sq.Ft.) Square Feet <br /> 2000 754.077 7.3 <br /> 2001 (181,658) (1.8) <br /> 1110 <br /> 2002 665,408 3.6 <br /> 2003 232,044 1.3 <br /> 2004 (621,003) (4.3) <br /> Five Year Average 169,774 <br /> LARGEST CONTIGUOUS SPACE BREAKDOWN <br /> Vacancy Size Number of <br /> Square Feet Projects Square Feet <br /> 0 147 0 <br /> 1—9,999 34 201,634 <br /> 10,000—24,999 17 260,408 <br /> 25,000—49,999 15 513,851 <br /> 50,000—99,999 6 407,892 <br /> 100,000+ 2 417,265 <br /> Total* 221 1,801,050 <br /> *One block of space per project may not reflect total vacancy.Not all projects reporting Ia,gest Contiguous Space figures. <br /> • <br /> NAIOP 2004 ANNUAL INDUSTRIAL MARKET UPDATE 15 <br />