District of Columbia Office Market Report - 2Q16

The District of Columbia's office market gained modest momentum during the second quarter of 2016, but tenants continued to have market leverage. At the end of the second quarter of 2016, the District's overall vacancy rate stands at 11.4%. Net absorption measured 330,921 square feet during second-quarter 2016, compared with 145,611 square feet during second-quarter 2015. Asking rental rates edged higher, to $52.00/SF from $51.84/SF in the prior quarter.

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