Report | Washington DC Office Insight - Q4 2015
Large block leases dominated the Metro DC real estate market during the fourth quarter of 2015, with 69.8 percent of deals signed in the last quarter being for 20,000 square feet or more.
While DC still accounted for the majority of quarterly leasing activity in Q4 at 47.1 percent, Northern Virginia saw a significant jump to claim a 43.5 percent share of market activity, and developers are making plans to expand this submarket even further.
Our research found 60 percent of new inventory currently under construction market-wide is Northern Virginia based, compared to just 36 percent in DC.
Learn more about what’s happening—and what we expect to occur in the coming months—across the Metro DC office market in our Q4 US Office Insight.
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