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Washington, D.C. MarketBeat Reports

Ryan McMahon • 10/12/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent Washington D.C. Region MarketBeat reports below.


Upon the arrival of COVID-19 in the U.S., the economy entered a recession in March 2020, recording the worst decline in post-war history in Q2 2020. Mounting evidence indicates that the recovery began in May or June with Q3 2020 data likely reflecting that. But, until there is a public health resolution to the pandemic, the recovery is likely to remain uncertain and gradual. Only then can households and businesses become more confident.

Current Marketbeats

Office MarketBeat Report
Q3 2020 Washington DC Office Report

Q3 overall office vacancy throughout the District rose to 16.7% at the close of the third quarter, up from 16.3% last quarter and 14.2% year over year (YoY). Total vacant square feet (sf) is up just over 3 million sf YoY. Despite the current economic climate.

Washington, DC. Office MarketBeat Q32020

Office MarketBeat Report
Q3 2020 Suburban Maryland Office Report

In suburban Maryland Q32020 saw new leasing activity of 233,299 sf, which is slightly below the 296,351 sf in Q2 2020.

Suburban Maryland Office MarketBeat Q32020

Office MarketBeat Report
Q3 2020 Northern Virginia Office Report

The Northern Virginia office market registered 706,588 sf of new leasing activity in Q3, a drop from the 1,098,715 sf leased in Q2. Coupled with the decline in leasing activity, Northern Virginia registered 159,764 sf of negative absorption bringing year to date absorption to a positive 570,578 sf.

Northern Virginia Office MarketBeat Q32020

Industrial MarketBeat Report
Q3 2020 Suburban Maryland Industrial Report

After nearly 770,000 sf of new leasing activity in the first half of the year, the Suburban Maryland Industrial market logged 195,570 sf of new leasing activity in Q3. 

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Industrial MarketBeat Report
Q3 2020 Northern Virginia Industrial Report

The NoVA industrial market registered 340,617 sf of new leasing activity in the third quarter of 2020 – 162,451 sf of leasing activity in the OS sector and 178,166 sf of leasing activity in the W/D sector.

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Featured Insights: Current U.S. MarketBeats

Q3 U.S. Office MarketBeat Report Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 10/14/2020
Q3 U.S. MarketBeat Industrial Report Web Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 10/8/2020
Q3 U.S. Retail MarketBeat Report Card Image
MarketBeat • Retail

Shopping Center Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Garrick Brown • 10/14/2020

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