District of Columbia Office Market Report - 2Q18

The District of Columbia registered 151,778 square feet of net absorption in the second quarter of 2018, comparable to the 160,763 square feet absorbed in the first quarter. The CBD topped District submarkets with 837,279 square feet of absorption, supported by Fannie Mae's occupancy of its new corporate headquarters at the recently delivered Midtown Center. However, this absorption was negated by 862,461 square feet in occupancy losses in the Uptown submarket, facilitated by the move-outs at five former Fannie Mae locations.

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