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Cushman & Wakefield provides commercial real estate services to help clients turn fixed assets into dynamic assets.
Despite the anticipated trends including the opening of new hotels, the softening of occupancy, and the pressure on average growth all coming to fruition, the U.S. hotel industry continues to set performance records, bringing to mind the words attributed to Mark Twain, “the rumors of my demise have been greatly exaggerated.”
Thanks to 650,000 SF of absorption in Q2 2017 – NoVA’s largest quarterly figure in over five years – the market’s vacancy rate dipped to 20.8%. That is the lowest vacancy rate since the third quarter of 2014.
Movement across the downtown Washington, DC office market picked up in the second quarter of 2017 after a sluggish start to the year. Net absorption climbed to 215,354 square feet (sf), bringing the year-to-date 2017 total to 258,710 sf.
The Suburban Maryland market registered 211,728 square feet (sf) of negative absorption in the second quarter of 2017. That represents a dramatic downward shift since the second quarter of 2016, which registered a 67,205 sf of positive absorption.
Policy changes could have significant impact on the real estate industry, corporate occupiers around the world. Certain industries and markets will be disproportionately impacted by changes in legal and unauthorized immigration.