Subleased space has swollen to 969,960 sf even as propertyowners give away free rent of three months to one year on five-yearleases. Honors for the worst submarket go to the southwest sectorwith a 29% vacancy at a time when a paltry 13,000 sf of new productis surfacing.

The University of Central Florida and Orlando Research Park hubturned in the best leasing report card with only 7% vacancy. Netabsorption totaled 93,000 sf.

Area brokers are guessing the leasing quagmire will continuethrough mid-2003.

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