In the Downtown class A market, CBRE tracks 22 buildings with 7.3 million sf of net rentable space. The direct vacancy rate at the end of 2001 was 6.65%. When sublease space was included, the Downtown class A vacancy rate jumped to 10.29%. At the end of the third quarter, the rates were 6.38% and 9.88%, respectively. At the end of 2000, the direct class A vacancy rate was 2.47% and there were virtually no sublease availabilities. Average class A asking rates per sf, beginning with the fourth quarter of 2001 and ending with the fourth quarter of 2000 quarters, looked like this: $24.18, $24.20, $23.98, $23.61 $23.16.

CBRE's class B market at the end of 2001 consisted of 40 buildings containing 3.51 million sf with a direct vacancy rate of 7.70% (270.837 sf). With sublease space, the rate jumps to 8.98%. At the end of the third quarter, the rates were 7.36% and 8.60%, respectively. At the end of 2000, the direct vacancy rate was 5.7% and sublease availabilities were negligible. Average class B asking rates per sf, beginning with the fourth quarter of 2001 and ending with the fourth quarter of 2000 quarters, looked like this: $17.90, $18.03, $17.81, $17.72 $17.42.

The class C office market, as CBRE tracks it, contains 37 buildings with 1.6 million net rentable sf. The direct vacancy rate at the end of 2001 was 15.91%. When sublease space is included, the figure jumps to 19%. At the end of the third quarter, the rates were 14.72% and 15.90%, respectively. At the end of 2000, the vacancy rate was 13.58% and sublease space was negligible. Average class C asking rates per sf, beginning with the fourth quarter of 2001 and ending with the fourth quarter of 2000 quarters, looked like this: $15.95, $15.46, $15.42, $15.32, $14.95.