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NORTHWEST - 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 28,130,865 25,094,358 3,036,507 10.8% 1,090,527 <br /> New Projects 0 0 0 0.0% 0 <br /> Current Universe 25,094,358 3,036,507 10.8% 1,090,527 <br /> FUTURE PROJECTS <br /> Total Number Of <br /> (Sq.Ft.) Projects <br /> Under Construction 0 0 <br /> Planned Projects 1,063,000 6 <br /> Future Projects 1,063,000 6 <br /> NET ABSORPTION(Years Ended April 30) <br /> Annual Net Percent of <br /> Absorption Occupied <br /> Year (Sq.Ft.) Square Feet <br /> 2000 1.486.356 8.3 <br /> 2001 1,184 <0.01 <br /> • 2002 230,415 0.8 <br /> 2003 266,271 1.1 <br /> 2004 1,090,527 4.3 <br /> Five Year Average 614,951 <br /> LARGEST CONTIGUOUS SPACE BREAKDOWN <br /> Vacancy Size Number of <br /> Square Feet Projects Square Feet <br /> 0 237 0 <br /> 1—9,999 37 202,065 <br /> 10,000—24,999 35 572,381 <br /> 25,000—49,999 18 601,977 <br /> 50,000—99,999 11 817,648 <br /> 100,000+ 4 537,907 <br /> Total* 342 2,731,978 <br /> *One block of space per project,may not reflect total vacancy.Not all projects reporting Largest Contiguous Space figures. <br /> • <br /> 39 <br /> NAIOP 2004 ANNUAL INDUSTRIAL MARKET UPDATE <br />