WASHINGTON, DC–Newmark Knight Frank held its 2017 BenchMarks event last week. BenchMarks is an annual report authored by Greg Leisch, NKF's senior managing director of Market Research — an event that the Washington DC area's CRE community looks forward to each year. GlobeSt.com will be looking at the findings over the next few days.
One finding is a bit sobering for the District: Millennials are starting to leave the city after flocking to it for years. This out-migration, Leisch tells GlobeSt.com, is increasing demand for office space and decreasing demand for apartments.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
