Washington D.C.'s office market is experiencing significant growth thanks to the activity from the government sector.
In the second quarter, leasing activity totaled 2.1 million square feet, according to a report from Savills. That's not only up from the 1.7 million figure from the first three months of the year – but from the 1.4 million year-over-year number as well.
The top three leasing deals came from the government industry. This includes the Federal Housing Finance Agency, D.C. Dept. of General Services, and the Commodity Futures Trading Commission. In total, they racked up 857,800 in combined square feet.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
