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DC Area Leads in Suburban Office Construction for 2018

In general office development is shifting to the suburbs across the nation as space tightens in urban and CBD areas, according to Yardi Systems.

By Erika Morphy | Updated on November 27, 2017

Construction in DC

WASHINGTON, DC–Office development in 2018 will be focused on suburban areas and the Washington DC area will be among the top markets for this activity, according to a new study by Yardi Systems.

Overall, it reports, close to 35 million square feet of office space will be delivered to the suburbs in 2018, compared to 24 million square feet underway in urban areas, and 15 million square feet headed for the central business districts for a total of 57.8 million square feet. The reason for the shift to the suburbs is that space is either at a premium or in scarce supply in CBDs.

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