2005
	PHILADELPHIA METROPOLITAN AREA
Inventory	Central City		Suburban		Total
Total	98,151,164	SF	365,237,540	SF	463,388,704	SF
Vacant	11,782,165	SF	44,766,594	SF	56,548,759	SF
Vacancy Rates	12.00%		12.26%		12.20%
Under Construction	810,000	SF	1,696,952	SF	2,506,952	SF
Net Absorption	545,618	SF	526,577	SF	1,072,195	SF
			2004
	PHILADELPHIA METROPOLITAN AREA
Inventory	Central City		Suburban		Total
Total	102,978,363	SF	356,822,126	SF	459,800,489	SF
Vacant	14,306,168	SF	45,118,773	SF	59,424,941	SF
Vacancy Rates	13.89%		12.64%		12.92%
Under Construction	252,000	SF	523,376	SF	775,376	SF
Net Absorption	1,734,601	SF	-1,287,853	SF	446,748	SF
			2003
	PHILADELPHIA METROPOLITAN AREA
Inventory	Central City		Suburban		Total
Total	103,952,251	SF	266,917,003	SF	370,869,254	SF
Vacant	14,552,435	SF	29,706,966	SF	44,259,401	SF
Vacancy Rates	14.00%		11.13%		11.93%
Under Construction	0	SF	781,600	SF	781,600	SF
Net Absorption	4,682,599	SF	2,361,722	SF	7,044,321	SF
			2002
	PHILADELPHIA METROPOLITAN AREA
Inventory	Central City		Suburban		Total
Total	96,610,000	SF	257,065,488	SF	353,675,488	SF
Vacant	11,892,783	SF	22,217,173	SF	34,109,956	SF
Vacancy Rates	12.31%		8.64%		9.64%
Under Construction	1,400,000	SF	1,791,745	SF	3,191,745	SF
Net Absorption	415,417	SF	-457,767	SF	-42,350	SF