DC Metro Area Market

Semiannual Snapshot Q3 2019

 

Washington-DC-ThinkstockPhotos-809349300.jpg

Rentable Building Area (RBA)

  • 4 & 5 Star: 247,814,496 SF
  • 3 Star: 189,929,408 SF
  • 1 & 2 Star: 61,972,441
  • Total: 499,716,496 SF

Vacancy Rate

  • 4 & 5 Star: 14.8%
  • 3 Star: 12.8%
  • 1 & 2 Star: 6%
  • Overall: 13.0%

Average Asking Rent

  • 4 & 5 Star: $44.79/SF
  • 3 Star: $31.78/SF
  • 1 & 2 Star: $26.16/SF
  • Overall: $37.70/SF

Under Construction

  • 4 & 5 Star: 10,948,687 SF
  • 3 Star: 293,425 SF
  • 1 & 2 Star: 0 SF
  • Total: 11,242,112 SF

12 Month

  • Net Absorption: 2,900,000 SF
  • Rent Growth: 0.9%
  • Vacancy Change: (0.2%)
  • Deliveries: 5,500,000 SF
  • Sales Volume: $7,200,000,000

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