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Downtown DC tower sells for well below what it traded for nearly 20 years ago

City's weak office market likely to dampen investment activity, prices in 2025, CoStar says
The building 1401 H St. NW in Washington, D.C., sold in March. (CoStar)
The building 1401 H St. NW in Washington, D.C., sold in March. (CoStar)

A 12-story office in downtown Washington, D.C., sold for slightly more than half of what it transacted for nearly 20 years ago while the market continues to confront high vacancy and availability rates.

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