The following is a brief, bulleted look at what G&E is predicting for 2002. In the coming days, GlobeSt.com will delve deeper into these topics.

2002 Office Market

--Negative absorption and falling rental rates will result in a number of opportunities for tenants in the coming year.

--Construction projects conceived during the flourishing economy of 1999 and early 2000 will move towards completion adding space to the market.

--Tenants with strong financials will experience added incentives like free rent and tenant improvements.

--Tenants in the CBD will have multiple opportunities for the first time in years.

2002 Industrial Market

--Large blocks of warehouse space available primarily in Pierce and South King Counties will offer industrial users multiple options for space.

--Economics are pushing down rents and users that have a need for additional space will benefit significantly.

--New construction will dry up rapidly due to weakening demand.

--Owners will continue offering tenant improvements and other concessions in order to attract tenants to their buildings.

Investment Market

--Product will be the biggest obstacle with buyers greatly outnumbering sellers.

--Sellers will be able to obtain significant prices based on limited inventory and investment demand.

--Smart money will target well-located grocery anchored retail centers and net leased industrial properties based on their better ability to weather economic uncertainty.