NAI Capital is pleased to present to you its 2009 Year-End Market Report for Southern California.

Highlights Include:

• The State continues to grapple with budget issues. Retail sales remain depressed as consumers continue to save more and spend less.
• The entertainment industry continues to grow. Box office receipts exceeded $10 billion in 2009.
• It appears that the worst of the decline is over.
• Manufacturing and construction remain depressed.

More information may be obtained directly from your NAI Capital broker.

Market Perspective | Fall 2009

Commercial real estate markets in the Los Angeles Basin have been under considerable pressure the past twelve months. Rents have declined. Vacancy rates have increased. New construction has nearly ground to a halt. Little to no financing has derailed sales.

NAI Capital is pleased to present to you its 2009 Spring Market Perspective for Southern California.

Highlights Include:

• The recession continues to plaque the Los Angeles Basin (Los Angeles, Orange, Riverside, San Bernardino, and Ventura Counties).
• The retail market will continue to soften in the short run. Vacancy rates will likely increase and lease rates will likely fall.
• The decline in office related jobs has translated into a weak office market.
• Vacancy rates for industrial markets in the Basin are mixed. Orange, Riverside, and Ventura Counties all experienced declining vacancy rates in 2008 while Los Angeles and San Bernardino experienced the opposite.

More information may be obtained directly from your NAI Capital broker.

NAI Capital Corporate Overview

With 16 regional offices serving the greater Los Angeles area, NAI Capital offers clients deep local knowledge and global reach across a full range of services including the sale and leasing of retail, office and industrial properties, multi-family and land sales.