The West has outpaced all other submarkets
in both the construction of new supply and
leasing activity, with almost 1.4 million sq.
ft. of net new supply being added through
2007, as well as absorption of more than
1.6 million sq. ft. Strong tenant demand
resulted in decreased availability of offi ce
space with average asking net rents staying
fairly competitive.

With the availability of space offered
by the new buildings being brought to
market, class “C” offi ce space has seen an
increase in availability, which will create
opportunities for users seeking lower cost
options in the West.