1Q  2012
Oceanside

Change from last
  Current Qtr Year
Vacancy 16%
Net Absorption -50,590 SF
Asking Rent $ 0.63
Under Construction 0 SF
Vista

Change from last
  Current Qtr Year
Vacancy 7.9%
Net Absorption 240,512 SF
Asking Rent $ 0.70
Under Construction 0 SF
San Marcos

Change from last
  Current Qtr Year
Vacancy 7.1%
Net Absorption 11,210 SF
Asking Rent $ 0.71
Under Construction 0 SF
Carlsbad

Change from last
  Current Qtr Year
Vacancy 14.9%
Net Absorption -67,246 SF
Asking Rent $ 1.01
Under Construction 0 SF
Escondido

Change from last
  Current Qtr Year
Vacancy 5.8%
Net Absorption 48,241 SF
Asking Rent $ 0.65
Under Construction 26,340 SF
Rancho Bernardo

Change from last
  Current Qtr Year
Vacancy 18.8%
Net Absorption 8,336 SF
Asking Rent $ 0.96
Under Construction 0 SF
Carmel Mountain

Change from last
  Current Qtr Year
Vacancy 14.6%
Net Absorption -58,697 SF
Asking Rent $ 0.98
Under Construction 0 SF
Poway

Change from last
  Current Qtr Year
Vacancy 4.5%
Net Absorption 243,455 SF
Asking Rent $ 0.66
Under Construction 0 SF
Scripps

Change from last
  Current Qtr Year
Vacancy 9.4%
Net Absorption 23,469 SF
Asking Rent $ 1.27
Under Construction 0 SF
Sorrento Valley

Change from last
  Current Qtr Year
Vacancy 12%
Net Absorption -81,263 SF
Asking Rent $ 1.29
Under Construction 0 SF
Sorrento Mesa

Change from last
  Current Qtr Year
Vacancy 11.6%
Net Absorption 76,914 SF
Asking Rent $ 1.13
Under Construction 0 SF
Miramar

Change from last
  Current Qtr Year
Vacancy 8.3%
Net Absorption 73,049 SF
Asking Rent $ 0.77
Under Construction 0 SF
Torrey Pines

Change from last
  Current Qtr Year
Vacancy 3.7%
Net Absorption 0 SF
Asking Rent $ 3.06
Under Construction 0 SF
Rose Canyon

Change from last
  Current Qtr Year
Vacancy 10%
Net Absorption -65,804 SF
Asking Rent $ 0.72
Under Construction 0 SF
Kearny Mesa

Change from last
  Current Qtr Year
Vacancy 6.3%
Net Absorption -20,369 SF
Asking Rent $ 0.98
Under Construction 0 SF
Morena

Change from last
  Current Qtr Year
Vacancy 2.9%
Net Absorption 11,593 SF
Asking Rent $ 1.43
Under Construction 0 SF
Mission Valley

Change from last
  Current Qtr Year
Vacancy 9.2%
Net Absorption -36,801 SF
Asking Rent $ 0.93
Under Construction 0 SF
East County

Change from last
  Current Qtr Year
Vacancy 7%
Net Absorption 94,618 SF
Asking Rent $ 0.64
Under Construction 0 SF
Sports Arena

Change from last
  Current Qtr Year
Vacancy 7.5%
Net Absorption -29,424 SF
Asking Rent $ 0.87
Under Construction 0 SF
Downtown

Change from last
  Current Qtr Year
Vacancy 5.4%
Net Absorption 5,856 SF
Asking Rent $ 0.55
Under Construction 0 SF
South City

Change from last
  Current Qtr Year
Vacancy 1.4%
Net Absorption -4,800 SF
Asking Rent $ 0.66
Under Construction 0 SF
National City

Change from last
  Current Qtr Year
Vacancy 10.7%
Net Absorption -54,789 SF
Asking Rent $ 0.64
Under Construction 0 SF
Chula Vista

Change from last
  Current Qtr Year
Vacancy 9.3%
Net Absorption -10,073 SF
Asking Rent $ 0.64
Under Construction 0 SF
Otay Mesa

Change from last
  Current Qtr Year
Vacancy 18.4%
Net Absorption -74,051 SF
Asking Rent $ 0.52
Under Construction 0 SF
San Ysidro

Change from last
  Current Qtr Year
Vacancy 8.1%
Net Absorption -17,819 SF
Asking Rent $ 0.55
Under Construction 0 SF