| Total Inventory: | 62,420,349 |
| New Deliveries and Completed Renovations: | 2,679,979 |
| Net Absorption: | 1,752,828 |
| Net Absorption with Sublet: | (126,056) |
| Projects Under Construction and Under Renovaton: | 2,194,293 |
| Vacancy Rate(Excluding Sublet) | 8.0% |
| Vacancy Rate(With Sublet) | 10.6% |
| Office Space Available: | Square Feet |
| Direct(New & Relet): | 4,993,245 |
| Sublet: | 1,623,312 |
| Total Office Space Available: | 6,616,557 |
| Space in Projects Under Construction and Under Renovation: | 626,522 |
| Under Construction (u/c) and Under Renovation (u/r) Montgomery County Listing Buildings by address: |
Square Feet |
| Montrose Metro ll - 11919 Rockville Pike | 60,000 |
| Oak Plaza - 2701 Tower Oaks Blvd | 30,000 |
| Rockville Metro Plaza l - 111 Rockville Pike | 227,739 |
| Fallsgrove Village Center - 14955 Shady Grove Rd | 75,000 |
| King Farm 3 | 217,134 |
| 9417 Washingtonian Blvd | 142,000 |
| Stiles Tract (Manugistics) | 282,470 |
| Milestone (Acterna) | 280,000 |
| Seneca Meadows (OBA Federal) | 30,000 |
| TecHill Two - 12215 Plum Orchard Dr | 71,500 |
| Silver Triangle (Discovery) | 600,000 |
| Prince George's County | |
| Prince George's Metro Center 4 (NCHS) | 178,450 |
| Total Square Footage: | 2,194,293 |
| 2001 Buildings Taken Out of Inventory: | Square Feet |
| None | |
| New Deliveries and Completed Renovations Montgomery County Listing Buildings by Address |
Square Feet |
| 7255 Woodmont Ave | 135,842 |
| Highland Park Phase ll - 4416 East-West Hwy | 25,023 |
| Chase Tower - 4445 Willard Ave | 241,223 |
| 7501 Wisconsin Ave (Chevy Chase Bank) | 692,000 |
| 12530 Parklawn Dr. | 86,484 |
| The Preserve @ Tower Oaks - 2600 Tower Oaks Blvd | 178,216 |
| Tower Building - 1101 Wooton Pky | 262,640 |
| Rockville Town Center - 11 N Washington St. | 98,532 |
| King Farm 2 | 164,891 |
| One Research Court | 112,461 |
| 9900 Belward Campus Drive | 48,000 |
| 9600 Blackwell Rd (NASDAQ) | 102,632 |
| Park Plaza - 2099 Gaither Rd | 122,009 |
| Crown Pointe ll - 610 Professional Dr. | 61,342 |
| Seneca Meadows (Orbital Sciences) | 105,102 |
| 8757 Georgia Ave | 243,582 |
| Prince George's County | |
| None | 0 |
| Total Square Footage: | 2,679,979 |
| Top Ten Largest Non-Renewal Lease Transactions | ||
| Square Feet | Tenant | Address |
| 1. 325,000 | Computer Sciences Corp. | Metroview, Lanham BTS |
| 2. 210,000 | Medlummune | Quince Orchard Rd BTS |
| 3. 178,450 | National Center for Health Statistics | Prince George's Metro Cneter BTS |
| 4. 133,895 | Department of Health & Human Services | 520 Gaither Rd BTS |
| 5. 88,626 | Social & Scientific Systems | 8757 Georgia Ave |
| 6. 75,000 | Shady Grove Adventist Healthcare | 1-270 @ Rt 118 BTS |
| 7. 74,000 | Manugistics | Stiles Tract BTS |
| 8. 72,000 | National Institutes of Health | 6701 & 6707 Democracy Rd |
| 9. 71,500 | SoftMed | 12215 Plum Orchard Rd |
| 10. 67,000 | PMC Sierra | 400 Professional Dr. |
| Top Ten Largest Office Sales Transactions: | ||
| Price | Purchaser | Address |
| 1. $127,000,000 | PS Business Parks | Metro Park North |
| 2. $120,000,000 | Hines Interests/New York Common | 6700 & 6710 Rockledge Dr. |
| 3. $90,000,000/FONT> | Meridian Group | 9200-9231 Corporate Blvd. |
| 4. $62,600,000 | Santa Fe Hotels, Inc. | 100 Edison Park Dr. |
| 5. $58,800,000 | Glenborough Realty Trust, Inc. | 11400 Rockville Pike & 5515 Security Lane |
| 6. $55,400,000 | Matan Asset Management | 20201-20300 Century Blvd |
| 7. $55,000,000 | Human Genome Sciences | 9800 Medical Center Dr. |
| 8. $44,400,000 | Washington Real Estate Investment Trust | 11300 Rockville Pike |
| 9. $40,360,000 | LaSalle Investment Management, Inc. | 1445 & 1455 Research Blvd. |
| 10. $32,600,000 | UBS Brinson, Inc. | 4520 East-West Hwy |