Date	Completions	Vacancy Rate (%)	Net Absorption
12/31/90	82	0.1872	52.70
12/31/91	53	0.1904	34.90
12/31/92	32	0.1868	37.30
12/31/93	7	0.1691	54.10
12/31/94	6	0.1530	48.50
12/31/95	8	0.1392	43.10
12/31/96	16	0.1220	61.60
12/31/97	28	0.0993	86.90
12/31/98	56	0.0897	77.00
12/31/99	101	0.0961	72.50
12/31/00	83	0.0865	103.10
12/31/01	83	0.1420	-96.50
12/31/02	61	0.1650	-14.70
3/31/03	9	0.1690	-7.10

Source: Torto Wheaton Research. 2003 results as shown are as of first quarter