1Q  2012
North

Change from last
  Current Sept 2010 March 2011
Vacancy Rate 4.92%
Avg. Rent Per SF $1.41
Avg. Rent Per Unit $1,212
Carlsbad East

Change from last
  Current Sept 2010 March 2011
Vacancy Rate 3.46%
Avg. Rent Per SF $1.57
Avg. Rent Per Unit $1,495
Coastal

Change from last
  Current Sept 2010 March 2011
Vacancy Rate 3.63%
Avg. Rent Per SF $1.78
Avg. Rent Per Unit $1,583
I-15 Corridor

Change from last
  Current Sept 2010 March 2011
Vacancy Rate 4.8%
Avg. Rent Per SF $1.56
Avg. Rent Per Unit $1,372
Uptown

Change from last
  Current Sept 2010 March 2011
Vacancy Rate 4.77%
Avg. Rent Per SF $1.74
Avg. Rent Per Unit $1,463
East

Change from last
  Current Sept 2010 March 2011
Vacancy Rate 4.89%
Avg. Rent Per SF $1.29
Avg. Rent Per Unit $1,084
Central

Change from last
  Current Sept 2010 March 2011
Vacancy Rate 4.89%
Avg. Rent Per SF $1.59
Avg. Rent Per Unit $1,390
Downtown

Change from last
  Current Sept 2010 March 2011
Vacancy Rate 3.87%
Avg. Rent Per SF $2.07
Avg. Rent Per Unit $1,717
South

Change from last
  Current Sept 2010 March 2011
Vacancy Rate 4.21%
Avg. Rent Per SF $1.39
Avg. Rent Per Unit $1,188