*Completions are expected to total 1.1 million square feet in 2008.
* Vacancy is forecast to end the year at 18.4 percent.
*Asking rents are expected to gain 2 percent to $17.82 per square foot, while effective rents will rise 2.2 percent to $14.68 per square foot.
* Investment activity could pick up in 2008, especially in the Northeast submarket.
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Walnut Creek, CA 94597