Insights
District of Columbia
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSEXPLORE 1 District of Columbia MARKETToggle markets
VACANCY
Apartment
Average Vacancy Rate 5.9%
- Drifted upward by 10 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 8.0%.
Office
Average Vacancy Rate 13.4%
- Lowest in the South Atlantic region, sixth lowest in the nation.
- Has risen for seven consecutive quarters.
- Highest level since year-end 1993.
RENT
Apartment
Average Asking Rent $1,993
- Down 1.6% from Q1 2020.
- Expected to finish 2020 at $1,956.
Office
Average Asking Rent $56.70
- Down 0.3% from Q1 2020.
- Expected to finish 2020 at $56.10.