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DC-area Office Investors Are Taking On Greater Leasing Risk

The average occupancy rate of office properties sold in 2017 was 71%, JLL said.

By Erika Morphy | Updated on January 19, 2018

DC’s K street

WASHINGTON, DC–Office investors across the Washington DC area are taking on greater risk despite a challenging leasing market, according to a new research note from JLL.

In 2001, office assets in Washington DC area typically sold with an average occupancy rate of 89% — the same as the occupancy rate of the broader market. Today however, following a period of recession, sequestration and rightsizing, total occupancy has dropped down to 83%.

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