Total transactional activity so far this quarter is 687,000square feet. Approximately 82% of the activity took place in theFinancial District and 23% of it was sublease transactions,according to the report. Last quarter and last year, totaltransactional activity was much higher by this time, a lowerpercentage of deals were in the Financial District and a lowerpercentage were sublease deals.

Colliers International's San Francisco research director ToveNilson tells GlobeSt.com she is "optimistically" predicting totalvolume for the quarter to come in at around 1 million square feet.That would be a 44% decline from 1.8 million square feet in thethird quarter, when 68% of transactions took place in the district,and 37.5% decline from 1.6 million square feet in the fourthquarter of 2007, when 56% of transactions took place in thedistrict.

The overall weighted average rent on the Financial Districtdeals was $41.34 per square foot per year, down from $56.17 in thethird quarter, when 10.6% of transactions were sublease deals, and$53.14 in the fourth quarter of 2007, when 10.7% of transactionswere sublease deals.