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Manufacturing and warehouse vacancy rates for third quarter 2008, at 8.3% and 9.2% respectively, are <br />the highest they've been for the past ten years. However, as San Leandro remains a desirable place for <br />businesses to locate due to its convenient location, reasonable lease rates and property values, and relative <br />safety, vacancy rates are not anticipated to increase. In fact, nearly 50,000 sq. ft. of industrial space is <br />under construction and fully leased and commerciallindustrial permit activity is up over last year. <br />REQr1ESTS FOR INFORMATION <br />This fir-ancial report is designed to provide a general overview of the Agency's finances for all of its <br />citizens, taxpayers, customers, investors and creditors. Questions concerning any of the information <br />provided in this report or requests for additional information should be addressed to the City of San <br />Leandro, Finance Department, 835 East 14th street, San Leandro, CA 94577. <br />10 <br />