2005
		BALTIMORE, MD
Inventory		Central City		Suburban		Total
Total		38,950,000	SF	123,343,000	SF	162,293,000	SF
Vacant		5,573,000	SF	15,750,600	SF	21,323,600	SF
Vacancy Rates		14.31%		12.77%		13.14%
Under Construction		150,000	SF	1,420,000	SF	1,570,000	SF
Net Absorption		380,000	SF	2,730,000	SF	3,110,000	SF
				2004
		BALTIMORE, MD
Inventory		Central City		Suburban		Total
Total		38,750,000	SF	122,583,000	SF	161,333,000	SF
Vacant		5,773,000	SF	13,721,620	SF	19,494,620	SF
Vacancy Rates		14.90%		11.19%		12.08%
Under Construction		230,000	SF	825,000	SF	1,055,000	SF
Net Absorption		595,000	SF	2,070,000	SF	2,665,000	SF
				2003
		BALTIMORE, MD
Inventory		Central City		Suburban		Total
Total		38,550,000	SF	118,261,680	SF	156,811,680	SF
Vacant		6,168,000	SF	15,468,977	SF	21,636,977	SF
Vacancy Rates		16.00%		13.08%		13.80%
Under Construction		0	SF	116,120	SF	116,120	SF
Net Absorption		(385,500)	SF	(1,141,471)	SF	(1,526,971)	SF
				2002
		BALTIMORE, MD
Inventory		Central City		Suburban		Total
Total		38,550,000	SF	117,600,000	SF	156,150,000	SF
Vacant