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MINNEAPOLIS, NORTH - COMBINED <br /> • <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 21,347,960 19,549,620 1,798,340 8.4% 313,637 <br /> New Projects 0 0 0 0.0% 0 <br /> Current Universe 19,549,620 1,798,340 8.4% 313,637 <br /> FUTURE PROJECTS <br /> Total Number Of <br /> (Sq.Ft.) Projects <br /> Under Construction 160,000 2 <br /> Planned Projects 114,800 2 <br /> Future Projects 274,800 4 <br /> NET ABSORPTION(Years Ended April 30) <br /> Annual Net Percent of <br /> Absorption Occupied <br /> Year (Sq.Ft.) Square Feet <br /> 2000 165,166 1.2 <br /> 2001 939,256 6.5 <br /> 2002 270,608 1.4 <br /> 2003 1,009,438 5.3 <br /> 2004 313,637 1.6 <br /> Five Year Average 539,621 <br /> LARGEST CONTIGUOUS SPACE BREAKDOWN <br /> Vacancy Size Number of <br /> Square Feet Projects Square Feet <br /> 0 198 0 <br /> 1—9,999 28 143,641 <br /> 10,000—24,999 28 431,002 <br /> 25,000—49,999 15 539,773 <br /> 50,000—99,999 8 468,618 <br /> 100,000+ 0 0 <br /> Total* 277 1,583,034 <br /> *One block of space per project,may not reflect total vacancy.Not all projects reporting Largest Contiguous Space figures. <br /> • <br /> 33 <br /> NAIOP 2004 ANNUAL INDUSTRIAL MARKET UPDATE <br />