Uptown is the larger of the two, with 8.5 million sf of space.It has 1.2 million sf vacant in the third quarter and officevacancy rate of 14.29%. In the third quarter, it absorbed 101,187sf, but in the first nine months of the year it has 86,888 sf ofnegative absorption.

There's no construction underway in the Uptown area. The askingrental rate in class A properties is $19.98 per sf, below theaverage asking rate in the entire market of $23.36 per sf. Theasking rate for class B properties is $18.14, below the overallaverage asking rate of $19.72 for all class B properties, Grubb& Ellis notes.

The Downtown CBD submarket, with 5.6 million sf, has 766,321 sfvacant in the third quarter, for an overall vacancy rate of 13.67%,slightly better than the larger Uptown area. It absorbed 20,551 sfin the third quarter and 17,876 sf through September. It has407,000 sf under construction, which includes spec andbuild-to-suit for lease, is more than in any other submarket.