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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 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.

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.