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DC Office Vacancy Rate Hits Record High as Leasing Volume Slows

Government Leasing Provides Upside and Risk
Microsoft's 400,000-square-foot lease at Two Freedom Square helped make Reston the only D.C. submarket to see increased leasing activity in 2020. (CoStar)
Microsoft's 400,000-square-foot lease at Two Freedom Square helped make Reston the only D.C. submarket to see increased leasing activity in 2020. (CoStar)
By Nicholas Mills
CoStar Analytics
January 29, 2021 | 4:59 P.M.

The vacancy rate in the Washington, D.C., office market reached 14% at the end of 2020, the highest vacancy rate ever recorded for the region.

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