The Roswell/Alpharetta office market ended the third quarter 2010 with a vacancy rate of 21.30%. This vacancy rate represented a 0.28 percentage point increase over the previous quarter, when it was
21.02%. The increase in vacancy occurred in a quarter where Roswell/Alpharetta saw negative 68,505 square feet in net absorption and no new deliveries. Quoted rental rates ended the third quarter 2010 at $18.14 per square foot, down from $18.19 per square foot in the second quarter 2010. At the end of the quarter, there was nothing under construction in the Roswell/Alpharetta office market.

Class Aprojects in Roswell/Alpharetta reported a third quarter 2010 vacancy rate of 20.10%, up from the 19.76% reported at the end of second quarter. Net absorptionwithin the classAsector totaled negative 47,862 square feet for the quarter, and no new deliveries were reported. Quoted rental rates for available space within the class A sector averaged $19.60 at the end of the quarter, down from the $19.67 that was reported in the second quarter. There was nothing under construction in the class A market at the end of third quarter.