Chart 1. The title is "Rents in San Francisco and San Jose Office Markets Declined More Than 50 Percent from 2000 Levels".

A bar chart showing percentage change in rents in Class A and Class B/C properties for six metropolitan statistical areas in the San Francisco Region from third quarter 2000 to third quarter 2003.

Class A properties in the San Francisco MSA saw a minus 68 percent change in rents from third quarter 2000 to third quarter 2003; Class B/C saw a minus 62 percent change. Class A properties in the San Jose MSA saw a minus 54 percent change in rents from third quarter 2000 to third quarter 2003; Class B/C also saw a minus 54 percent change. Class A properties in the Seattle MSA saw a minus 35 percent change in rents from third quarter 2000 to third quarter 2003; Class B/C saw a minus 22 percent change. Class A properties in the Oakland MSA saw a minus 29 percent change in rents from third quarter 2000 to third quarter 2003; Class B/C saw a minus 28 percent change. Class A properties in the Portland MSA saw a minus 4 percent change in rents from third quarter 2000 to third quarter 2003; Class B/C saw a minus 8 percent change. Class A properties in the Salt Lake City MSA saw a positive 1 percent change in rents from third quarter 2000 to third quarter 2003; Class B/C saw a minus 8 percent change.