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District of Columbia

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District of Columbia

District of Columbia

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VACANCY

Apartment

Average Vacancy Rate 9.2%

Second highest in the nation. Only Charleston is currently softer.
Drifted downward by 40 basis points.
Expected to finish 2021 at 9.2%.

Office

Average Vacancy Rate 14.9%

Has risen for ten consecutive quarters.
Among the 20 lowest vacancies nationally.
Expected to finish 2021 at 15.4%.

RENT

Apartment

Average Asking Rent $1,856

Down 1.1% from year-end 2020.
Expected to finish 2021 at $1,898.

Office

Average Asking Rent $56.50

Flat since year-end 2020.
Expected to finish 2021 at $56.04.

Learn more about the District of Columbia markets from one of our professionals

Learn more about the District of Columbia markets from one of our professionals.