2005
	PHILADELPHIA, PA
Inventory	Central City		Suburban		Total
Total	98,151,164	SF	257,981,840	SF	356,133,004	SF
Vacant	11,782,165	SF	30,488,846	SF	42,271,011	SF
Vacancy Rates	12.00%		11.82%		11.87%
Under Construction	810,000	SF	1,256,952	SF	2,066,952	SF
Net Absorption	545,618	SF	(225,230)	SF	320,388	SF
			2004
	PHILADELPHIA, PA
Inventory	Central City		Suburban		Total
Total	102,978,363	SF	250,069,362	SF	353,047,725	SF
Vacant	14,306,168	SF	30,544,526	SF	44,850,694	SF
Vacancy Rates	13.89%		12.21%		12.70%
Under Construction	252,000	SF	398,376	SF	650,376	SF
Net Absorption	1,734,601	SF	1,094,787	SF	2,829,388	SF
			2003
	PHILADELPHIA, PA
Inventory	Central City		Suburban		Total
Total	103,952,251	SF	160,713,343	SF	264,665,594	SF
Vacant	14,552,435	SF	17,845,585	SF	32,398,020	SF
Vacancy Rates	14.00%		11.10%		12.24%
Under Construction	0	SF	421,600	SF	421,600	SF
Net Absorption	4,682,599	SF	4,093,761	SF	8,776,360	SF
			2002
	PHILADELPHIA, PA
Inventory	Central City		Suburban		Total
Total	96,610,000	SF	151,707,328	SF	248,317,328	SF
Vacant	11,892,783	SF	12,933,331	SF	24,826,114	SF
Vacancy Rates	12.31%		8.53%		10.00%
Under Construction	1,400,000	SF	1,046,245	SF	2,446,245	SF
Net Absorption	415,417	SF	828,044	SF	1,243,461	SF