Trends in leasing transactions in DC proper

The office market in Washington, DC has recently witnessed a noticeable surge in lease renewals, notably within class A and B properties in the last three years. Furthermore, the dominance of lease renewals in recent transactions, particularly within the governmental sector representing 42.97% of deals, reflects a sustained demand from public entities for real estate accommodations.

Notably, the U.S. Commodity Futures Trading Commission's substantial occupancy of 147,050 square feet stands as a notable testament to this trend. The emergence of nonprofit organizations and associations as leading lessees in the current quarter, accounted for 11.66% of new lease agreements.

This data collectively illustrates a dynamic real estate environment influenced by a confluence of industry sectors and government entities, highlighting enduring demand and the robustness of the market in Washington, DC.