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DC's Premier Office Node Finished 2019 With Its Worst Performance in Decades

CoStar Insight: Most of the Central Business District’s Key Performance Indicators Were Red
Law firm Akin Gump Strauss Hauer & Feld LLP relocated to 183,000 square feet at 2001 K St. NW after vacating 360,000 square feet at its former office at 1333 New Hampshire Ave. NW. (CoStar)
Law firm Akin Gump Strauss Hauer & Feld LLP relocated to 183,000 square feet at 2001 K St. NW after vacating 360,000 square feet at its former office at 1333 New Hampshire Ave. NW. (CoStar)
By Nicholas Mills
CoStar Analytics
January 20, 2020 | 11:53 P.M.

Vacancies in Washington, D.C.’s premier office submarket rose more than 200 basis points in 2019. The last time that happened was the beginning of the Great Recession. The vacancy rate at the end of 2019 was the highest it’s been since the late 1990s.

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