11.02.2013 - Washington: Six things to watch in commercial real estate
In 2012, the Washington commercial real estate market became more competitive for investors. Our region faced the threat of sequestration automatic federal budget cuts only to see a decision on those cuts deferred until March. Uncertainty led to stasis: executives across the region paused their hiring and investment, waiting for the government to act. This led to the first year of negative net absorption more space being vacated than leased on record for the Washington area office market. At the same time, developers began building so many new apartments that supply now exceeds demand...............................................Full Article: Source
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