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14 Things You Need to Know This Morning

Bisnow Morning Brief Washington DC

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14 Things You Need to Know This Morning
Retail Chart of the Day
We know you (or more likely your kids) have your iPhone 6 already. So how's retail doing? Asking rents climbed 3.7% over the last 12 months to $24.72/SF at midyear, up from 1.6% a year earlier. They're still 10.3% below the pre-recession high. Northern Virginia saw the highest year-over-year rent growth, climbing 4.8% to $25.10/SF. Asking rents in DC and suburban Maryland rose 1.7 and 2.6% to $43.70 and $20.99/SF. Single-tenant rents in the metro surged 6.5% to $26.32/SF, following a 1.5% rise last year. In multi-tenant, rents edged up 0.3% to $22.90/SF. Outlook: Tightening conditions will cause operators to lift asking rents for a second year. Average rents will reach $25.12/SF in 2014, up 2.5%.


Akridge Agrees to Concessions in United Stadium Deal
GSA Considering Alternate Locations for Bureau of Prisons
Rockrose Pays $300M for 555 11th Street, NW
The Roughly 1,700 Residential Units Coming to Downtown Bethesda
3rd Annual Washington DC Construction Summit (Nov. 6th)
Hogan Victory Worries Purple Line Advocates
Lincoln Property Hosts Annual Rooftop Affair at 101 Constitution
Madison Marquette Selling Blue Castle at 770 M St SE to National Community Church
Developers Revise Plans for Prospect St. Retail
2014 National Healthcare Real Estate Summit (This November 25th!!!)
Industry Execs Discuss Impact of Mechanical Penthouses on DC's Architecture
DC's Population Grows 79 Percent Every Workday
Panera Coming to 20th and L St, NW in Spring 2015
Fig & Olive the Latest Restaurant Coming to CityCenterDC

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