2005
		LOS ANGELES-SAN FERNANDO VALLEY, CA
Inventory		Central City		Suburban		Total
Total		149,965,812	SF	45,175,979	SF	195,141,791	SF
Vacant		6,494,089	SF	2,434,017	SF	8,928,106	SF
Vacancy Rates		4.33%		5.39%		4.58%
Under Construction		571,859	SF	804,958	SF	1,376,817	SF
Net Absorption		910,137	SF	471,851	SF	1,381,988	SF
				2004
		LOS ANGELES-SAN FERNANDO VALLEY, CA
Inventory		Central City		Suburban		Total
Total		149,285,899	SF	44,371,021	SF	193,656,920	SF
Vacant		6,724,313	SF	2,100,910	SF	8,825,223	SF
Vacancy Rates		4.50%		4.73%		4.56%
Under Construction		778,895	SF	675,968	SF	1,454,863	SF
Net Absorption		967,317	SF	2,205,912	SF	3,173,229	SF
				2003
		LOS ANGELES-SAN FERNANDO VALLEY, CA
Inventory		Central City		Suburban		Total
Total		148,507,004	SF	43,695,053	SF	192,202,057	SF
Vacant		6,912,735	SF	3,630,854	SF	10,543,589	SF
Vacancy Rates		4.65%		8.31%		5.49%
Under Construction		0	SF	0	SF	0	SF
Net Absorption		2,323,373	SF	26,515	SF	2,349,888	SF
				2002
		LOS ANGELES-SAN FERNANDO VALLEY, CA
Inventory		Central City		Suburban		Total
Total		147,621,546	SF	43,355,570	SF	190,977,116	SF
Vacant