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Robust Construction in Washington, DC, Region Could Drag Out Sluggish Office Demand

CoStar Insight: District of Columbia and Suburban Maryland Could Deliver the Bulk of Empty Office Space
Carr Properties' The Wilson project is 68% preleased with 140,000 square feet of office space available. It is slated to open later this year. (Carr Properties)
Carr Properties' The Wilson project is 68% preleased with 140,000 square feet of office space available. It is slated to open later this year. (Carr Properties)
By Richelle Wilson
CoStar Analytics
May 11, 2020 | 1:00 P.M.

Before the pandemic, leasing momentum due to pent-up demand helped developers pull the trigger on proposed projects across the Washington, D.C. region. Unfortunately, no one could have predicted what 2020 would bring, and especially its projected impact on the office sector.

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