Regions  Mid-Atlantic | Washington, DC
DC Office Market Sees Absorption for Third Straight Quarter
Jul 06, 2009

The Washington, D.C., metropolitan area experienced negative overall net absorption for the third consecutive quarter, according to a report by Cassidy & Pinkard Colliers, but there are some signs that the market may be at or near a bottom. The D.C. region--including the District itself, Northern Virginia and Suburban Maryland--saw negative 726,100 square feet of net absorption in the second quarter, the firm said--better than the first quarter’s negative 921,600 square feet, but still not healthy numbers by any means. Vacancy in the market, meanwhile, ticked up to 12.3 percent. The region is, however, expected to benefit significantly from the economic stimulus efforts and growth of the Federal Government, which are expected to spur increased economic activity, job creation and office demand. Over-supply could be a concern for D.C., though, as the region is expected to deliver more office space over the next two years than any market in the county, Cassidy & Pinkard said.

 
Recent Washington, DC Headlines
Kaiser Permanente Inks 200,000SF DC Office Lease
Jul 29, 2009
Healthcare provider Kaiser Permanente has signed a lease for more than 200,000 square feet at 700 Second Street at Station Place, in Washington, D.C.
Cassidy & Pinkard Wins 72,100SF Reston Leasing Contract
Jul 31, 2009
Cassidy & Pinkard Colliers has been selected by The Bernstein Cos. to provide exclusive marketing and leasing services for 12220 Sunrise Valley Drive, a 72,100-square-foot office building in Reston Sunrise Park in Reston, Va.
Vornado Secures $82.5M to Refinance Suburban D.C. Office Building
Aug 04, 2009
The chilly credit market apparently warmed up for Vornado Realty Trust, which just wrapped up the refinancing of its 442,000-square-foot office property just outside of Washington, D.C., in Arlington, Va., courtesy of an $82.5 million loan.
60,400SF Virginia Medical Office Trades
Jun 26, 2009
JAG Associates L.L.C. has acquired a seven-story medical office building in Alexandria, Va.
JBS, Buvermo Nab $32M in Financing for D.C. Office
May 21, 2009
The JBG Cos. and Buvermo Properties Inc. have secured $32 million in financing for One Choke Cherry, a Class A office building fully-leased to the Government Services Administration in North Rockville, Md.
Orlando Office Market Struggling to Stay Even
Oct 13, 2008
Mounting concerns surrounding the health of the economy, meshed with sluggish employment growth, continue to drag down markets across the country. Orlando’s office market--although somewhat buoyed by employment growth experienced in the hospitality and tourism sectors--is no exception.
DC Office Market Sees Absorption for Third Straight Quarter
Jul 06, 2009
The Washington, D.C., metropolitan area experienced negative overall net absorption for the third consecutive quarter, according to a report by Cassidy & Pinkard Colliers, but there are some signs that the market may be at or near a bottom.
Strong D.C. Fundamentals Help Attract $104M Office Financing
May 14, 2009
Washington, D.C., is feeling the effects of the economic slump, but the area office market remains attractive enough to help reel in lenders willing to part with the big bucks. Perseus Realty L.L.C., with the assistance of affiliate Perseus Realty Capital L.L.C., has obtained $103.5 million in financing for its 309,500-square-foot Class A office property at 1110 Vermont Ave. N.W. in D.C.'s Central Business District.
With Fannie, Freddie Still Active, DC-Area Portfolio Fetches $79M in Financing
Jun 30, 2009
Throughout the credit crisis and their own internal financial trials,government-sponsored enterprises Fannie Mae and Freddie Mac have continued to steadily dole out loans in the multi-family market, and The Cafritz Cos. is among the latest firms to take advantage of the entities' willingness to lend. Cafritz has just secured $79.2million in permanent financing for a five-property portfolio in Metropolitan Washington, D.C., relying on Fannie Mae's multi-family lending programthrough M&T Realty Capital Corp.
ING Clarion Lands $51M Financing for Maryland M-F
Jun 18, 2009
ING Clarion Partners has secured $51.4 million in first mortgage financing for Columbia Town Center, a 531-unit multi-family complex in Columbia, Md.
 
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