Chart 2

The title is "Vacancy Rates in California's Major Office Markets Exceeded 2000 Levels."

A bar chart that shows the office vacancy rates in the third quarters of 2000 and 2003. Nationally, the office vacancy rate was 8.3 percent in 2000 and more than doubled to 16.9 percent in 2003. In San Francisco, the vacancy rate was 3.4 percent in 2000 and jumped to 20.3 percent in 2003. In San Jose, the vacancy rate was 1.2 percent in 2000 and exploded to 18.9 percent in 2003. In Los Angeles, the office vacancy rate was 12.4 percent in 2000 and increased to 16.2 percent in 2003. The Oakland vacancy rate grew from 2.6 percent in 2000 to 16.1 percent in 2003. In Orange County, the vacancy rate rose from 9.9 percent in 2000 to 14.9 percent in 2003. In San Diego, the office vacancy rate was 6.6 percent in 2000 and more than doubled to 14.2 percent in 2003.