4Q  2012
Oceanside

Change from last
  Current Qtr Year
Vacancy 12.2%
Net Absorption -88,064 SF
Asking Rent $ 0.63
Under Construction 0 SF
Vista

Change from last
  Current Qtr Year
Vacancy 6.6%
Net Absorption 4,966 SF
Asking Rent $ 0.69
Under Construction 0 SF
San Marcos

Change from last
  Current Qtr Year
Vacancy 6.5%
Net Absorption -30,309 SF
Asking Rent $ 0.67
Under Construction 0 SF
Carlsbad

Change from last
  Current Qtr Year
Vacancy 12.4%
Net Absorption -78,994 SF
Asking Rent $ 0.93
Under Construction 0 SF
Escondido

Change from last
  Current Qtr Year
Vacancy 5.4%
Net Absorption 6,171 SF
Asking Rent $ 0.66
Under Construction 0 SF
Rancho Bernardo

Change from last
  Current Qtr Year
Vacancy 16.8%
Net Absorption 79,048 SF
Asking Rent $ 1.04
Under Construction 0 SF
Carmel Mountain

Change from last
  Current Qtr Year
Vacancy 11.1%
Net Absorption -49,863 SF
Asking Rent $ 1
Under Construction 0 SF
Poway

Change from last
  Current Qtr Year
Vacancy 4%
Net Absorption -23,212 SF
Asking Rent $ 0.78
Under Construction 0 SF
Scripps

Change from last
  Current Qtr Year
Vacancy 12.9%
Net Absorption 56,815 SF
Asking Rent $ 0.96
Under Construction 0 SF
Sorrento Valley

Change from last
  Current Qtr Year
Vacancy 6.1%
Net Absorption 56,319 SF
Asking Rent $ 1.49
Under Construction 0 SF
Sorrento Mesa

Change from last
  Current Qtr Year
Vacancy 9.4%
Net Absorption 206,841 SF
Asking Rent $ 1.23
Under Construction 0 SF
Miramar

Change from last
  Current Qtr Year
Vacancy 8.3%
Net Absorption 88,128 SF
Asking Rent $ 0.78
Under Construction 0 SF
Torrey Pines

Change from last
  Current Qtr Year
Vacancy 8.7%
Net Absorption 0 SF
Asking Rent $ 2.3
Under Construction 0 SF
Rose Canyon

Change from last
  Current Qtr Year
Vacancy 10.3%
Net Absorption -3,402 SF
Asking Rent $ 0.87
Under Construction 0 SF
Kearny Mesa

Change from last
  Current Qtr Year
Vacancy 5.1%
Net Absorption -20,809 SF
Asking Rent $ 1.02
Under Construction 0 SF
Morena

Change from last
  Current Qtr Year
Vacancy 0.7%
Net Absorption 26,693 SF
Asking Rent $ 0.78
Under Construction 0 SF
Mission Valley

Change from last
  Current Qtr Year
Vacancy 6.5%
Net Absorption 35,358 SF
Asking Rent $ 0.97
Under Construction 0 SF
East County

Change from last
  Current Qtr Year
Vacancy 5.6%
Net Absorption 106,819 SF
Asking Rent $ 0.6
Under Construction 0 SF
Sports Arena

Change from last
  Current Qtr Year
Vacancy 7.2%
Net Absorption -19,000 SF
Asking Rent $ 0.79
Under Construction 0 SF
Downtown

Change from last
  Current Qtr Year
Vacancy 4.4%
Net Absorption 23,235 SF
Asking Rent $ 0.64
Under Construction 0 SF
South City

Change from last
  Current Qtr Year
Vacancy 2.6%
Net Absorption 9,048 SF
Asking Rent $ 0.65
Under Construction 0 SF
National City

Change from last
  Current Qtr Year
Vacancy 7.1%
Net Absorption 59,405 SF
Asking Rent $ 0.87
Under Construction 0 SF
Chula Vista

Change from last
  Current Qtr Year
Vacancy 7.7%
Net Absorption -37,507 SF
Asking Rent $ 0.51
Under Construction 0 SF
Otay Mesa

Change from last
  Current Qtr Year
Vacancy 13.4%
Net Absorption 506,249 SF
Asking Rent $ 0.49
Under Construction 0 SF
San Ysidro

Change from last
  Current Qtr Year
Vacancy 10.5%
Net Absorption -79,024 SF
Asking Rent $ 0.64
Under Construction 0 SF