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Washington, DC 20006
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Vienna, VA 22102
Direct +1 703 394 4800
Fax +1 703 394 4801

Commercial Real Estate Research and Analysis

Market research, analysis and insights are the essential ingredients in all of the services we offer. We monitor trends and make projections to help you make critical decisions. Our researchers continuously source and analyze data in every major global market, helping you adapt to drivers outside your industry and region that could impact your business.

Market Reports

Washington, DC Q2 2017

A slight up-tick in leasing velocity last quarter was not enough to propel the Washington, DC market’s second quarter net absorption. The three largest leases for the quarter were all Federal renewals. The Department of Education’s 314,243-square-foot lease at 550 12th Street, NW led the quarter’s leasing activity when they signed in early May of this year. On the brighter side, because these leases were renewals, there was little to no contraction. Additionally, owners continue to be bullish with development in the District. Several new projects broke ground in the second quarter bringing the total square footage under development to just over 6.5 million square feet, nearly double what was under construction just a year prior.

Northern Virginia Q2 2017

Recovery from the downturn caused by Sequestration continued for the Northern Virginia office market as demand grew nearly 1.5 million square feet during the first half of 2017. While demand for the remainder of the year is forecasted to continue to grow, it will be at less than a third of what was witnessed during the first half. With the uncertainty of a Federal budget resolution, it is unclear how the Northern Virginia market will be impacted.

Suburban Maryland Q2 2017

Two new office developments are poised to break ground in the next eight months. The first being the follow up to the first phase at Pike and Rose, 909 Rose, scheduled to break ground in early 2018. The Pike and Rose development has been extremely successful in bringing a new live-work-play environment to the North Bethesda market. The second, 7272 Wisconsin Avenue, which will sit on the site of the former Apex Building, is being developed by the JBG companies with an expected ground breaking next quarter. Both high-end office buildings are bringing much needed quality to an overall market where it has been lacking.

Shenandoah Valley Industrial Q2 2017

The Shenandoah Valley market continued its upward trend during the second quarter of the year, with the asking rate for warehouse product averaging above $4.00 per square foot for the first time ever and with over 650,000 more square feet under construction compared to this time last year. Absorption remained positive, albeit far less than the 840,000 square feet that was occupied last quarter by groups such as Fiat Chrysler and Sealy, and vacancy remained flat at 6.8% with many users staying put and frantically searching the market for expansion space. In total, there exists more than 3.7 million square feet of active requirements in need of build-to-suit warehouse up and down the corridor.

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Submarket Reports

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Bethesda Submarket Q1 2016

Demand for office space shrank by 5,802 square feet. This is a significant improvement from last year when an average of 30,582 square feet of net absorption was recorded quarterly. 

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CBD/East End Q1 2016

Demand growth slowed during the first quarter with only 17,460 square feet of net absorption; compared to an average of 74,882 square feet per quarter last year. 

For the first time in eight quarters, demand for Class A space shrunk, falling 47,521 square feet. 

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Crystal/Pentagon City Q1 2017

Demand increased with 54,885 square feet of positive net absorption. This compares to last quarter when there was 32,662 square feet added back to the market.

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Eastern Loudoun Q3 2016

Demand increased during the quarter with 209,239 square feet of space occupied. Demand has grown during the previous four quarters with 312,541 square feet occupied in total. 

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I-270 Corridor Q1 2016

Demand for office space shrank by 227,618 square feet during the quarter. All classes of space posted negative absorption with the largest amount in Class C product. During the quarter, demand fell 3,886 square feet for Class A space, fell 6,314 square feet in Class B space and fell 217,418 square feet in Class C space. 

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NoMa/Capitol Riverfront Q1 2016

Demand contracted during the first quarter with negative 23,366 feet of net absorption. This compares to an aver-age of 56,309 square feet of quarterly net absorption last year.  Demand for Class A space grew, with 16,444 square feet of absorption. Demand for Class B and C space continued to decrease, with 39,810 square feet added to the market. 

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R-B Corridor Q1 2017

Demand increased during the first quarter with 192,075 square feel of absorption. This compares lo last quarter last year when 77,291 square feet of space was tal<en off the market.

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Reston-Herndon Q2 2016

Demand for office space shrunk during the quarter with 121,743 square feet of space given back to the market. Comparatively, during the first quarter of 2016, 615,317 square feet of space was returned to the market. 

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Route 28 South Q1 2017

Demand for office space rose during the first quarter with 186,044 square feel of space occupied. Demand increased in all three classes of office space. In Class A product. 173,279 square feet of space was ab­sorbed.

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Tysons Corner Q1 2017

Demand for office space rebounded significantly during the first quarter of 2017, with net absorption totaling 429,312 square feet. The first quarter of 2017 was third consecutive quarter of positive net absorption.

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