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DC ground-up developments outperform redevelopments/487/washington-dc-11-13-17-ground-up-developments-outperform<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/construction-worker-hard-hat.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/487/washington-dc-11-13-17-ground-up-developments-outperformDC ground-up developments outperform redevelopments​Oversupply issues continue to cause headwinds for the top segment of the Washington, DC office market as 4 m.s.f. has delivered to the core over the past four years and 6 m.s.f. is currently under construction.
Despite no FBI, office leasing within Prince George’s County has grown dramatically/471/washington-dc-11-6-17-despite-no-fbi<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-exterior-glass-wall.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/471/washington-dc-11-6-17-despite-no-fbiDespite no FBI, office leasing within Prince George’s County has grown dramatically​During the past decade, the Prince George's County office market has experienced 1.3 m.s.f. of office occupancy declines, pushing vacancy above 20%.
Defense spending would hit highest levels since 2011, but depends on modification to budget cap/443/northern-virginia-10-30-2017-defense-spending<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/government-building-flag.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/443/northern-virginia-10-30-2017-defense-spendingDefense spending would hit highest levels since 2011, but depends on modification to budget cap​With a continuing resolution (CR) to fund the government expiring on December 8th, Congress is working through legislation to approve a FY 2018 budget.
Craft brewing is catching wind across Maryland, and impacting a variety of property types/434/maryland-brewery-catching-wind-10-23-17<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/food-beer-brewery-tasting.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/434/maryland-brewery-catching-wind-10-23-17Craft brewing is catching wind across Maryland, and impacting a variety of property typesFollowing on the tail of a craft brewing industry that has been emerging across Maryland, Guinness is set to open this fall the initial stage of their first brewing operation on U.S. soil in 60 years.
As Class B leasing fundamentals tighten, investors follow to the capital markets/394/washington-dc-10-9-17-investors-to-capital-markets<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/banking-tax.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/394/washington-dc-10-9-17-investors-to-capital-marketsAs Class B leasing fundamentals tighten, investors follow to the capital marketsLeasing fundamentals in the downtown Class B market are ever-tightening: redevelopment activity has decreased the supply of Class B space by 9% since 2010.
1.1 million s.f.of flexible offices opened in Washington, DC since 2012/370/washington-dc-10-2-17-flexible-office-openings<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/interior-office-cubes-birdseye-view.png?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/370/washington-dc-10-2-17-flexible-office-openings1.1 million s.f.of flexible offices opened in Washington, DC since 2012​Washington, DC accounts for 46% of Metro DC’s 3.1 m.s.f. of existing flexible office inventory, for a total of 1.4 m.s.f.