DC Jumps to No. 2 for Foreign Investment

CBRE’s Q3 MarketView Report presents several interesting takeaways for the DC market, perhaps none more so than the increase in foreign investment in the District.

DC comes in at No. 2 behind Manhattan among major cities for foreign investment in real estate, a significant jump from last year’s No. 5 ranking. Foreign investors continue to be attracted to trophy assets due to lower vacancy rates in comparison to other properties.

Additional highlights from the report include a strong increase in gross leasing activity for Northern Virginia. The region saw 2.6M SF of activity in Q3, 12% higher than the region’s four-year quarterly average. The leasing environment as a whole saw substantial activity from the GSA, as the agency accounted for 46% of deals by leasing 1.2M SF. [CBRE]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Empty Pews On Prime Plots: As Congregations Shrink, Dutch Churches Land On The Property Market

Coffee Shop Signs Lease At Downtown Trophy: The D.C. Deal Sheet

Oliver Carr Jr.'s Firm Sells Alexandria Project To His Son's Company

Bill Barr's Law Firm Expands Footprint In Move To Pennsylvania Avenue

Amazon Ditches Ashburn Data Center Plan, Shifts To Mixed-Use Vision

Bowser Wants To Lock In A $550M Spa Before She Leaves. D.C. Council Members Are Pushing Back

Downtown Conversion Lands Construction Loan: The D.C. Deal Sheet

Fairfax Pays $23M For Innovation Center Site, With Plans For Affordable Housing

From Precast To Conservation: Addressing Today's Stormwater Challenges

Developer Inks Deal To Move HQ To Lerner's Tysons Tower

Industrious Takes Top Floors In Downtown Lease: The D.C. Deal Sheet

Distress Divide: How Private vs. Institutional Investors Are Thinking About D.C. Office