The Washington region still has a huge office vacancy problem, but leasing activity has significantly picked up.
Commercial real estate firm CBRE reports the D.C. metro is now one of the top U.S. office markets for showing improved demand for new office leasing. In October, leasing activity in the region was 2% above its pre-pandemic baseline. October was the first time the D.C. area surpassed pre-pandemic leasing levels, and leasing has made steady gains since April.
CBRE says the D.C. metro is ranked fourth among top office markets for leasing activity.
CBRE tracks office market activity by the number of tenants in the market, or companies actively looking for new space, finalized lease agreements and the availability of sublease space.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
