Louisville CBD Class B & C Office Space Absorption                                    December 2006

Year Total     
Space(1)		 New      
Space(2)		 Vacant Occupied Absorption
Average
Vacancy
1983 3,255,908   485,983 2,769,925  
14.9%
1984 3,552,202 296,294 486,333 3,065,869 295,944
13.7%
1985 3,640,040 87,838 516,982 3,123,058 57,189
14.2%
1986 3,828,776 188,736 567,959 3,260,817 137,759
14.8%
1987 4,178,506 349,730 656,866 3,521,640 260,823
15.7%
1988 4,385,265 206,759 597,509 3,787,756 266,116
13.6%
1989 4,448,526 63,261 705,261 3,743,265 -44,491(3)
15.9%
1990 4,428,864 -19,662 643,309 3,785,555 42,290
14.5%
1991 5,059,360 630,496 1,283,634 3,775,726 -9,829
25.4%
1992 5,148,180 88,820 1,663,367 3,484,813 -290,913
32.3%
1993 5,719,664 571,484(4) 1,743,652 3,976,012 491,199
30.5%
1994 5,678,641 -41,023 1,405,783 4,272,858 296,846
24.8%
1995 5,847,486 168,845 1,566,849 4,280,637 7,779
26.8%
1996 5,847,486 0 1,556,607 4,290,879 10,242
26.6%
1997 5,780,876 -66,610 1,441,578 4,339,298 48,419
24.9%
1998 5,827,946 47,070 1,402,200 4,425,746 86,448
24.1%
1999 5,581,213 -246,733(5) 1,123,326 4,457,887 32,141
20.1%
2000 5,616,281 35,068 1,213,427 4,402,854 -55,033
21.6%
2001 5,448,531 -167,750 1,172,655 4,275,876 -126,978
21.5%
2002 5,591,945 143,414 1,467,750 4,124,195 -151,681
26.2%
2003 5,527,284 -64,661 1,536,257 3,991,027 -133,168
27.7%
2004 5,588,723 61,439 1,544,017 4,044,706 53,679
27.6%
2005
5,802,695
213,972
1,510,525
4,292,170
247,464
26.0%
2006
5,756,972
-45,723
1,470,920
4,286,052
-6,118
25.6%
Ten Year Average
-9,051
-483
footnotes