Kramp believes the third quarter is likely the "quiet before thestorm" in terms of sublease space. But, he cautions, Houston'ssublease space will be low in comparison to Dallas and othercities. In third quarter research, Dallas had nearly eight millionsf available for sublease while Houston reported approximately 3.5million sf.

Bank United's recent merger with Washington Mutual has causedthe company to place 175,053 sf of vacant sublease space on themarket at the Phoenix Tower at 3200 Southwest Freeway, Kramp says.Meanwhile, layoffs at Bindview have freed up 62,000 sf at theHalliburton Center at 5151 San Felipe. And, Proxicom vacated thetwo top floors at 2700 Post Oak, adding 32,535 sf to the subleasemarket. Kramp says more sublease space could surface withContinental Airlines layoffs, but he explains that it's hard toquantify right now exactly what the future holds.

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