Despite DOGE-related job cuts, DC multifamily rents still climbing
No evidence to date of negative impact to apartment market
Despite all the negative news surrounding the impact of Department of Government Efficiency, or DOGE, initiatives on the Washington, D.C., housing market, multifamily rents since t...
Federal government lease expirations loom over already troubled DC office market
More than 14 million square feet of leases are scheduled to expire in next four years
The Washington, D.C., office market already sports a record-high vacancy rate, though that figure is in danger of climbing further if a wave of federal government leases scheduled ...
DC-area commercial real estate sales jump $4 billion in bounceback year
Though deal volume remains well below annual average over past decade
Commercial real estate investors jumped back into the Washington, D.C., market in 2024, scooping up $4 billion more than in 2023 in a bounceback year for the area — though one that...
Baltimore-area office demolitions hit highest point in a decade
Almost 1 million square feet was razed last year
Office demolitions in the Baltimore area hit their highest point in a decade last year as property owners razed their buildings to make way for conversions, namely apartments, in t...
DC industrial demand goes negative for first time since 2020
Data centers no longer propping up the industrial market
Industrial tenants in the Washington, D.C., area vacated more space than they moved into in the fourth quarter of 2024 — the first time that has happened since 2020.
Retail construction hits four-year high in DC area
Suburban Maryland leads the wave of development
Retail real estate construction in the Washington, D.C., area is at a four-year high, with the Maryland suburbs leading the way.
DC region sees office tenants occupy more space than vacate for first time since 2023
Suburban Maryland still lagging behind other areas
The Washington, D.C., office market ended 2024 by recording positive absorption — or more space occupied than vacated — for the first time since the second quarter of 2023.
DC surpasses 700,000 residents for first time since pandemic
Multifamily completions are keeping up with demand
Washington, D.C., surpassed 700,000 residents for the first time since 2019 and topped all other states and state equivalents in the population growth rate between 2023 and 2024, a...
Multifamily groundbreakings take hit in Baltimore but not as bad as in US overall
Construction starts are almost at 10-year average
Though multifamily groundbreakings are down in the Baltimore area, the market has been relatively stable compared to the country overall.
After big drop last year, multifamily sales volume bounces back in DC, Northern Virginia
Suburban Maryland, however, is still seeing declining sales
After a significant drop in multifamily sales volume last year in the Washington, D.C., region, sales are back on the upswing thanks largely to a spike in deals in the District.
Adding retail space is paying off for DC-area multifamily developers
Mixed-use developments have increased over last decade
Multifamily developers in the Washington area are looking to raise the value of their projects by incorporating more retail space to capitalize on renter demand for better access t...
Northern Virginia remains top pick for DC-area multifamily investors, renters
With low vacancy rates and high annual rent growth, these areas lead the Washington market
Multifamily key indicators are still strong in the Washington, D.C., area, with Northern Virginia continuing to outperform the rest of the region.
Data center construction on track for record year in Northern Virginia
New supply completely transformed the market in the past decade
The Washington, D.C. region, especially Northern Virginia, is experiencing a seemingly endless wave of data center construction. Over the past decade, the region has transformed dr...
Vacancy spike in DC-area industrial market may be approaching peak
Flex and specialized space vacancy rates are plateauing
The Washington area's industrial vacancy rate has increased over the past two years, reflecting a challenging landscape for property owners with available space. However, recent tr...
Improved leasing gives Baltimore's retail market a bump
Second consecutive quarter of positive absorption helps stabilize sector
Retail demand is picking up in the Baltimore region after the market saw its second consecutive quarter where the amount of space occupied outpaced the amount of space vacated, als...
As flight to quality continues, where can tenants look for office space in DC area?
Fewer high-end buildings are available for tenants in nation's capital
Tenants seeking the best space typically look at five-star properties, as these buildings are often new, have the most desired locations and feature state-of-the-art amenities and ...
DC's population gains come from northern states, those living abroad
Virginia and Maryland continue to see in-migration from Washington
While Washington, D.C., has yet to regain all the population lost due to the pandemic, the city did grow between 2022 and 2023 primarily due to natural births and people moving fro...
Multifamily groundbreakings level off in DC region
Limited construction could allow vacancy to recover faster
After a wave of new projects, multifamily groundbreakings in the Washington, D.C., area hit their lowest point in over a decade as interest rate hikes made developments more expens...
The multifamily market is looking up in and around downtown Baltimore
Core neighborhoods are booming with new construction
The neighborhoods flanking the Inner Harbor in Baltimore have seen tremendous growth in the last 10 years, and this trend is set to continue.
Opportunities exist for DC-area office investors if you know where to look
Medical office, well-leased multitenant buildings prolific in DC area
The latest interest rate cut by the Federal Reserve likely won't cure the Washington area's office market. Even with lower interest rates, there are too many challenges with demand...