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Washington’s office market dials back

Posted on 20 October 2011

The rising pressure to control federal spending is beginning to take a toll on Washington landlords. The Washington region’s office market in the third quarter registered its worst performance since late 2009, a sharp contrast to a boom the area saw throughout 2010.
The amount of occupied space in the quarter rose by a mere 1,200 square feet, the smallest level of growth since the third quarter of 2009. By comparison, the amount of occupied space swelled by 2.2 million square feet, or 1%, in the third quarter of last year, according to brokerage Jones Lang LaSalle……………………………………….Full Article: Source


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