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Office Statistics

United States | Washington, DC

Report | Washington DC Office Statistics - Q1 2011

Summary

Recent government expansion, combined with a slowdown in construction activity, has served to balance conditions in Washington, DC’s commercial real estate market. The federal government accounted for many of the largest transactions in 2010, however budget concerns are now forcing the city’s largest tenant to the sidelines. Growing deficits and new austerity measures are causing a slowdown in current government leasing velocity and overall activity in the market has tapered back from the robust levels seen over the previous 18 months.

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