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Market Reports

Washington, DC Q1 2017

After a strong end to 2016, leasing activity in the beginning of 2017 started with a whimper. Just two leases were signed over 100,000 square feet in the first quarter. Among the top 10 deals, all but one relocation resulted in a reduction of space. The largest downsize came from Akin, Gump, Strauss, Hauer & Feld, LLP who will give back nearly 100,000 square feet upon moving to Alexander Court at 2001 K Street NW in early 2019.

Northern Virginia Q1 2017

As federal spending growth and the Northern Virginia economy generates new jobs, the office market continued to recover from the downturn created by Sequestration. Not only has demand, as measured by net absorption, been growing over the last three quarters, the pace of growth has been accelerating. While a large amount of space is delivering over the next two years, vacancies should continue to decline and rental rates rise, as long as there isn’t another shock to the economy from Capitol Hill.

Suburban Maryland Q1 2017

During the first quarter of 2017, sustained job growth has resulted in a fundamental change in the Suburban Maryland office market. Not only did demand for office space grow significantly, it has done so in three of the last four quarters. Overall vacancy has fallen precipitously and landlords are asking more for Class A space.

Shenandoah Valley Industrial Q1 2017

The 2017 year kicked off with a major commitment to the I-81 Corridor by an e-commerce giant and with the occupancy of two traditional distribution centers by prominent corporate users. In addition, other major companies with an existing presence in the market found short-term solutions to their overall needs.

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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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National Insights

Colliers In the News

Colliers in St. Louis Named Top Workplace
The Post-Dispatch honors St. Louis for its regional operations.

Small Businesses Shake up Local Malls
Anjee Solanki featured on Colliers' innovative solution for a client.

Dylan Taylor on Leadership
Dylan Taylor offers his perspectives on company culture and growth

Mika Mattingly, Gerard Yetming Join Colliers to Lead Urban Division
New group will focus on downtown Miami, downtown Fort Lauderdale and West Palm Beach

How Retailers Become Part of the Community Fabric
Becoming ingrained in a community requires an investment in public outreach, judicious use of technology and deep analysis, but it can make the difference between a store’s success or failure, Colliers International’s national director, retail services USA Anjee Solanki tells

Industrial Brokers from Across Nation Tour Memphis Logistics Industry
Commercial real estate brokers from Canada and the United States toured Memphis today to get a first-hand look at the region’s logistics abilities.

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Press Releases

Colliers International Group Inc. Announces Normal Course Issuer Bid
Toronto Stock Exchange accepts notice filed by company with respect to outstanding subordinate voting shares.

Colliers International Continues Expansion In New York Tri-state Region
Adding Colliers Long Island further strengthens operations in the region.

Colliers International Expands Further in Michigan
Adds operations in Grand Rapids and Kalamazoo

Colliers in St. Louis Named Top Workplace
The Post-Dispatch honors St. Louis for its regional operations.

Gilley Joins Western Institutional Investment Team
Capital Markets veteran will be based in San Francisco

Colliers Expands Project & Development Management Platform
Acquires Gorton & Partners, one of the most respected project management firms in NYC

AMP Technology and Colliers International Collaborate to Unveil the Next Generation Technology in Retail Services at ICSC
Unveiling of the most advanced site selection capabilities in the industry by AMP

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