1Q 2012
Fallbrook

Change from last
  Current Half Year
Vacancy 4.9%
Net Absorption -12,700 SF
Asking Rent $ 1.78
Under Construction 0 SF
Oceanside

Change from last
  Current Half Year
Vacancy 5.8%
Net Absorption 63,506 SF
Asking Rent $ 1.93
Under Construction 0 SF
Vista

Change from last
  Current Half Year
Vacancy 8.8%
Net Absorption -36,630 SF
Asking Rent $ 1.76
Under Construction 0 SF
San Marcos

Change from last
  Current Half Year
Vacancy 11.2%
Net Absorption -37,472 SF
Asking Rent $ 1.52
Under Construction 0 SF
Escondido

Change from last
  Current Half Year
Vacancy 8.1%
Net Absorption -101,598 SF
Asking Rent $ 1.61
Under Construction 0 SF
Carlsbad

Change from last
  Current Half Year
Vacancy 5.2%
Net Absorption 4,323 SF
Asking Rent $ 2.35
Under Construction 0 SF
Encinitas

Change from last
  Current Half Year
Vacancy 3.8%
Net Absorption 29,687 SF
Asking Rent $ 2.5
Under Construction 0 SF
Rancho Bernardo

Change from last
  Current Half Year
Vacancy 8.1%
Net Absorption -92,132 SF
Asking Rent $ 2.45
Under Construction 0 SF
Solana Beach

Change from last
  Current Half Year
Vacancy 4.2%
Net Absorption -4,080 SF
Asking Rent $ 3.1
Under Construction 0 SF
Carmel Mtn Ranch / Rancho P.Q.

Change from last
  Current Half Year
Vacancy 8.9%
Net Absorption -99,464 SF
Asking Rent $ 2.37
Under Construction 0 SF
Poway / Scripps

Change from last
  Current Half Year
Vacancy 4.4%
Net Absorption -12,570 SF
Asking Rent $ 1.79
Under Construction 0 SF
Del Mar

Change from last
  Current Half Year
Vacancy 2.8%
Net Absorption 26,919 SF
Asking Rent $ 4.04
Under Construction 0 SF
Miramar / Mira Mesa

Change from last
  Current Half Year
Vacancy 6.4%
Net Absorption 102,933 SF
Asking Rent $ 1.97
Under Construction 0 SF
UTC / La Jolla

Change from last
  Current Half Year
Vacancy 1.9%
Net Absorption -3,432 SF
Asking Rent $ 2.91
Under Construction 0 SF
Santee

Change from last
  Current Half Year
Vacancy 3.4%
Net Absorption -7,609 SF
Asking Rent $ 2.32
Under Construction 0 SF
Pacific Beach / Clairemont

Change from last
  Current Half Year
Vacancy 6.3%
Net Absorption 9,530 SF
Asking Rent $ 2.16
Under Construction 0 SF
Kearney Mesa

Change from last
  Current Half Year
Vacancy 9%
Net Absorption -54,221 SF
Asking Rent $ 1.81
Under Construction 0 SF
El Cajon

Change from last
  Current Half Year
Vacancy 5.3%
Net Absorption 12,381 SF
Asking Rent $ 1.36
Under Construction 0 SF
Mission Valley

Change from last
  Current Half Year
Vacancy 1.2%
Net Absorption 3,430 SF
Asking Rent $ 2.29
Under Construction 0 SF
La Mesa / Lemon Grove

Change from last
  Current Half Year
Vacancy 5.6%
Net Absorption -25,948 SF
Asking Rent $ 2.14
Under Construction 0 SF
College

Change from last
  Current Half Year
Vacancy 4.1%
Net Absorption -29,912 SF
Asking Rent $ 2.41
Under Construction 0 SF
Rancho San Diego

Change from last
  Current Half Year
Vacancy 3.4%
Net Absorption 1,999 SF
Asking Rent $ 1.78
Under Construction 0 SF
Uptown / Hillcrest

Change from last
  Current Half Year
Vacancy 1.9%
Net Absorption 8,637 SF
Asking Rent $ 2.03
Under Construction 0 SF
Point Loma / Sports Arena

Change from last
  Current Half Year
Vacancy 8.9%
Net Absorption 32,646 SF
Asking Rent $ 2.5
Under Construction 0 SF
Spring Valley

Change from last
  Current Half Year
Vacancy 3.4%
Net Absorption 1,999 SF
Asking Rent $ 1.78
Under Construction 0 SF
Downtown

Change from last
  Current Half Year
Vacancy 9.2%
Net Absorption -39,444 SF
Asking Rent $ 2.6
Under Construction 75,733 SF
Southeast San Diego

Change from last
  Current Half Year
Vacancy 5.9%
Net Absorption -1,800 SF
Asking Rent $ 1.44
Under Construction 0 SF
National City

Change from last
  Current Half Year
Vacancy 5.2%
Net Absorption 87,696 SF
Asking Rent $ 1.69
Under Construction 0 SF
Bonita

Change from last
  Current Half Year
Vacancy 2.7%
Net Absorption 30,404 SF
Asking Rent $ 2.2
Under Construction 0 SF
Chula Vista

Change from last
  Current Half Year
Vacancy 2.7%
Net Absorption 30,404 SF
Asking Rent $ 2.2
Under Construction 0 SF
San Ysidro / Imperial Beach

Change from last
  Current Half Year
Vacancy 1.2%
Net Absorption -750 SF
Asking Rent $ 1.96
Under Construction 0 SF