Moreover, most of the leasing activity in 1992 was from companies that already had space.

Steady leasing activity looks good for the rest of the year.

"There is good leasing activity going on in the county," he continued.

Steady leasing activity over the last three years has chipped away much of that available inventory.

After six months of frenzied leasing activity throughout midtown, the brakes are on the deal-making process.

"The leasing activity has gone beyond our expectations," he said.

Although the leasing activity slackened off toward the decade's end, no one was worried much.

"We could see that vacancy rates were starting to fall and that leasing activity was picking up."

Strong leasing activity and the conversion of older industrial buildings to technology centers has kept the lid on supply, he said.

For Transamerica, based here, the acquisition strengthens its leasing activities.