The team estimated third-quarter absorption of 390,000 sf.Meanwhile, the class A asking lease rate rose slightly to $18.48per sf in the third quarter from $17.50 per sf in the third quarterof 2003. The actual effective lease rate for class A space rose2.3% to $17.57 per sf from the third quarter of 2003. "The increasein both asking and actual class A lease rates is a sign that wehave hit bottom and are now headed in a more healthy direction,"the report notes.

The report notes 117 tenants are actively looking for a total of1.6 million sf to occupy along the corridor in the next 12 months.One tenant is looking for 100,000 sf. Three tenants are looking for50,000 sf to 74,999 sf for a total of 170,000 sf. There are 17tenants seeking 25,000 sf to 49,999 sf for a total of 572,000 sfand 32 companies are seeking 10,000 sf to 24,99 sf for a total of513,000 sf.

All totaled, there are 49 tenants seeking nearly 1.1 million sf.While those tenants account for only 41.9% of the 117 tenants, theyare seeking 68% of the total space. Rounding out the bottom, 19tenants are seeking between 5,000 sf and 9,999 sf for a total of119,453 sf and 45 tenants are seeking less than 5,000-sf leases fora total of 122,746 sf.