District of Columbia Office Market Report - 4Q17

The District of Columbia ended 2017 on a positive note with 800,623 square feet of annual net absorption, its second-strongest performance of the last five years. Annual absorption was bolstered by strong fourth-quarter figures, as 463,590 square feet was absorbed. Absorption was concentrated in the NoMa, Southwest and West End submarkets and was partly attributable to tenants relocating their headquarters from the suburbs.

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