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Market insight is the essential ingredient 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 | Q3 2017

In virtually every submarket in the District, cranes are busy constructing office buildings, multifamily dwellings, retail and mixed-use projects at an incredible pace. Office product alone has more than 6.5 million square feet under development. The market had a similar look ten years ago when 6.0 million square feet of office product being constructed. There is, however, a big difference between where the market dynamics are now versus then. In the third quarter of 2007, the vacancy rate was 8.1 percent versus 11.8 percent at the end of third quarter of 2017. By the third quarter of 2009, much of the space under construction was completed, and vacancy rates spiked to 11.9 percent as all the space was added to the market. Fast forward to 2017, the low watermark is 11.8 percent, and demand has been and is expected to fall. This combination is anticipated to generate another rise in vacancy. While many of these buildings currently under construction are well pre-leased, it is not new or expanding tenants to the market that are leasing in these buildings, but instead, tenants poached from existing, aging Class A and B product.

Northern Virginia | Q3 2017

During the third quarter of 2017, the recovery in the Northern Virginia Office market slowed as new demand for space flattened. After registering four quarters of solid growth, net absorption turned slightly negative as federal consolidations and the remaining effects of BRAC impacted the market. While these hold-overs from last cycle played out, the private sector and federal intelligence agencies continued to occupy and lease additional space in the market, pointing to a continuation of the recovery started in 2016.

Suburban Maryland | Q3 2017

Suburban Maryland captured two of the largest tenants in the DC region in the third quarter of 2017. Marriott, after an exhaustive search that centered around the Bethesda market, finally decided to lease 720,000 square feet at 7750 Wisconsin Avenue in the heart of Bethesda. It was rumored that Marriot expanded their search to outside of Maryland, but likely, Bethesda was the one-and-only choice from the start. It was a huge win for Maryland to retain one of the largest private sector tenants in the region.

industrial
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.

Retail Report | Mid-Year 2017

The Washington, DC Area retail market is comprised of 187.8 million square feet spread across 1,328 Centers and 11,930 free standing buildings. Across the Washington, DC Metropolitan Area, economic indicators continue to support additional retail growth, but at a slower rate than what has occurred over the last 10 years.

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1625 Eye Street NW, Suite 700 Washington, DC 20006 United States | Tel: +1 202 534 3000