Awards &

DC Records Historic Office Vacancy Rate Despite Leasing Uptick in Q2
10th July, 2023
(Commercial Observer) -- The Washington, D.C., office market continues to face severe challenges in the aftermath of the pandemic, with the vacancy rate reaching 20 percent for the first time ever.

With the rise in vacancy rate, some developers and property owners are shifting toward repurposing outdated office spaces into residential units, as is the case with 2100 M Street NW, which sold to apartment developer Post Brothers for $67 million and is slated to be converted into 300 apartment units.

Read more at Commercial Observer