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Washington, D.C. MarketBeat Reports

Ryan McMahon • 7/8/2020
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.


The COVID-19 pandemic struck the U.S. in March 2020, late in the quarter but with enough time to have a significant impact on first quarter market fundamentals. In the second quarter of 2020, the U.S. economy felt its effects more fully, as government-mandated shutdowns along with shelter-in-place ordinances pushed the country deeper into recession.

Current Marketbeats

Office MarketBeat Report
Q2 2020 Washington DC Office Report

Washington, DC finished the second quarter with office renewals and extensions accounting for 63% of gross leasing. Over the course of the last decade, DC has averaged closer to 60% new and 40% renewals -a possible sign that long-term decisions are increasingly being put on hold in the current environment until some clarity can be attained.

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Office MarketBeat Report
Q2 2020 Suburban Maryland Office Report

In suburban Maryland office leasing activity in Q2 2020 was relatively light at 296,300 sf, compared to a very strong Q1, which saw 1.1 msf of new leasing activity.

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Office MarketBeat Report
Q2 2020 Northern Virginia Office Report

The Northern Virginia submarket registered nearly 1.1 msf of new office leasing activity in the second quarter of 2020. The overall vacancy rate was 18.1% -down 220 basis points year-over-year (YOY). Overall asking rates rose $0.63 YOY to $34.11 per square foot.

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Industrial MarketBeat Report
Q2 2020 Suburban Maryland Industrial Report

After over 500,000 sf of new leasing activity in Q1, the Suburban Maryland Industrial market logged 254,311 sf of new leasing activity in Q2. 

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Industrial MarketBeat Report
Q2 2020 Northern Virginia Industrial Report

Overall vacancy rate in the NoVA market for the second quarter of 2020 was 6.1%- down 140 basis points (bps) year-over-year (YOY). 

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Featured Insights: Current U.S. MarketBeats

Q2 2020 U.S. Office MarketBeat Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 7/14/2020
Q2 2020 US Industrial MarketBeat Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 7/9/2020
Q2 2020 US Retail MarketBeat 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 • 7/14/2020

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