Washington, DC Year End 2005

No Sign of Cooling 2005 was a banner year for the Washington, DC Metropolitan Area on many fronts. Demand continued to outstrip supply, causing the inexorable decline of vacancy rates and rising rents. The last quarter of the year was the 10th straight quarter for lower vacancy rates and the first quarter in this cycle [...]

Washington, DC 3rd Quarter 2005

The Streak Continues After taking a slight breather at mid-year, the office leasing market quickened its pace again with a very strong 3rd quarter. By any measure, our metropolitan area economy was working in sync: vacancy rates declined (for the 9th straight quarter), absorption increased and rents rose. With 27 consecutive months of declining vacancy [...]

Washington, DC Mid Year 2005

Stronger, But Cooler Like a middle-aged muscle man, the Washington, DC market continued to enjoy great strength last quarter, but at a slower pace. The metropolitan economy continues to be pumped up, for instance, we’re the 8th most populous market in the nation. Additionally, we rank 4th in job growth and vacancy rates continue to [...]

Washington, DC 1st Quarter 2005

The Price of Success For all the success the Washington, DC metropolitan economy enjoyed in 2004, it seems that our region was merely flexing its muscles before beginning the real workout. With 85,000 new net jobs projected to be added in 2005, our metropolitan area is poised to double its rate of job growth compared [...]