Callahan says shakeouts in the Internet and technologyindustries have certainly affected the office space sector in all20 of the markets in which EOP operates. However, he stated thatEOP has always had a strong credit culture with stiff underwritingand credit requirements. With many e-businesses and tech companies,EOP performs a review of the companies' business plans andfinancial backing, often requiring letters of credit for thecommission of tenant improvements and to cover rents for often aperiod of one year.

Deutsche Banc Alex Brown analyst Lou Taylor last weekrecommended a "Strong Buy" recommendation for the REIT.Chicago-based Equity Office Properties Trust (NYSE: EOP) is thenation's largest publicly held owner and manager of officeproperties with a national portfolio of 380 buildings comprising99.1 million square feet in 24 states and the District of Columbia.Equity Office has an ownership presence in 37 MetropolitanStatistical Areas and in 105 submarkets.