D.C.'s Office Market Struggled In Q1, And It's Going To Get Worse
Office experts predict a drop in demand and rising vacancy in the near-term, but they do see reasons for optimism for the D.C. market.
Office experts predict a drop in demand and rising vacancy in the near-term, but they do see reasons for optimism for the D.C. market.
As WeWork focuses on filling up its new D.C. office spaces, the coworking giant does not appear to be on the market for additional leases.
Mintz, Levin signed a deal to relocate from Market Square to 555 12th St. NW, where it will occupy 57K SF.
This year 70 brand residences are expected to be completed, a record in the sector.
The fitness industry is sweating over the impact of the coronavirus.
New Q2 data shows the pandemic is worsening D.C.'s already struggling office market, while sectors such as technology and healthcare keep the suburbs stable.
The 2020 JDRF Real Estate Games is combining the D.C., New York and Chicago games into a weeklong virtual event to support Type 1 diabetes research.
Despite the slowdown in the office market, a host of tenants closed deals to relocate or add new space in the D.C. area this year.
Contested result the only real downside for U.S. market.
The deal for the two San Jose buildings reportedly came in at $770 per SF.
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