Washington DC office insight - Q2 2018

As the Class B market in the core tightens, large-block options in non-core submarkets priced in the high-$40s to mid-$50s p.s.f. FS such as 2300 N in West End and 1275 1st in NoMa have secured leases >50,000 s.f. Class B buildings in the core with significant vacancy are increasingly undergoing building upgrades to shift pricing from the $40s p.s.f. FS to the high-$50s p.s.f. FS, as opposed to significant renovation to Class A+ priced >$70 p.s.f. FS as the top segment of the market in the core remains oversupplied. As Class A (non- Trophy) vacancy has remained >14% for the past 24 months, concession packages at renovated product have increased by 15-20%, which has attracted tenants to buildings such as 2001 M and 2000 K.

Fill out this form to download report


Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.