Aging populace, shift to outpatient facilities fuel medical office demand in DC area
CoStar Group is releasing a new quarterly medical office report for major markets across the US
Medical office space continues to outpace demand for traditional office space in the Washington, D.C., area, as a growing population, high median incomes and an aging populace fuel...
Scarcity of premium office space poses challenge for DC market
Companies have few choices for new space over 50,000 square feet
The Washington, D.C., region lacks large, high-quality, well-located office space, and it's posing a challenge for businesses seeking to establish or expand their presence in the m...
Headquarters projects drive near-decade high of new office space in Baltimore
T. Rowe Price, Under Armour add more than 800,000 square feet to market
Led by headquarters openings, the Baltimore area saw its most office space completed in nearly a decade, and more than in the last six quarters combined, in the first quarter of 20...
International migration fuels Virginia’s strongest population growth in four years
Domestic migration is positive for first time since COVID-19
Virginia's population grew at its strongest rate in four years, with international migration driving the increase.
DC rent growth slows since inauguration
Greater Washington area still outperforms nation, however
After tracking each other closely for most of the last year, apartment rents in Washington, D.C., have been leveling off since the inauguration, while regional rent growth continue...
DC region, fueled by urban growth, is one of country's fastest-growing markets
DC proper saw largest population jump in greater Washington area
The Washington, D.C., area was one of the fastest-growing markets in the country last year as international immigration led to a spike in new residents, particularly in urban areas...
Baltimore City's population grows for first time in a decade
Entire region grew by over 11,000 residents in 2024, with turnaround most dramatic in Baltimore County
After suffering population losses in 2021 and 2022 and weak growth in 2023, the Baltimore region grew by over 11,300 residents in 2024 — with the city of Baltimore seeing positive ...
Multifamily, retail deals fuel $1 billion jump in Baltimore commercial real estate sales
Market records over $3 billion in deals in 2024
After experiencing its worst year for sales in nearly a decade, the Baltimore commercial real estate market bounced back in 2024 with a nearly $1 billion jump thanks largely to a s...
Data center construction dips further in DC area after hitting peak
Groundbreakings dropped significantly in late 2024
Despite the seemingly unending demand for data centers, the amount of data center space under construction in the Washington, D.C., area — home to the most prolific data center mar...
In honor of spring, some 'green shoots' for DC's commercial real estate market
What CoStar's analytics team is hearing from industry professionals in the Washington area
The Washington, D.C., commercial real estate market has been vacillating back and forth, each day waiting for more news from the Department of Government Efficiency, or DOGE, that ...
Baltimore multifamily market rebounds to start year
Demand for apartments increases as home sales drop
After a big dip to close out 2024, multifamily demand in the Baltimore region has started the new year strong.
DC-area office leasing at highest point since 2020, though challenges loom
More than 2 million square feet of office leases closed in January and February
Though the Washington, D.C.-area office market is collectively bracing for the other shoe to drop amid whipsawing federal directives, large job cuts and a plan to slash the U.S. go...
Despite DOGE-related job cuts, DC multifamily rents still climbing
No evidence to date of negative impact to apartment market
Despite all the negative news surrounding the impact of Department of Government Efficiency, or DOGE, initiatives on the Washington, D.C., housing market, multifamily rents since t...
Federal government lease expirations loom over already troubled DC office market
More than 14 million square feet of leases are scheduled to expire in next four years
The Washington, D.C., office market already sports a record-high vacancy rate, though that figure is in danger of climbing further if a wave of federal government leases scheduled ...
DC-area commercial real estate sales jump $4 billion in bounceback year
Though deal volume remains well below annual average over past decade
Commercial real estate investors jumped back into the Washington, D.C., market in 2024, scooping up $4 billion more than in 2023 in a bounceback year for the area — though one that...
Baltimore-area office demolitions hit highest point in a decade
Almost 1 million square feet was razed last year
Office demolitions in the Baltimore area hit their highest point in a decade last year as property owners razed their buildings to make way for conversions, namely apartments, in t...
DC industrial demand goes negative for first time since 2020
Data centers no longer propping up the industrial market
Industrial tenants in the Washington, D.C., area vacated more space than they moved into in the fourth quarter of 2024 — the first time that has happened since 2020.
Retail construction hits four-year high in DC area
Suburban Maryland leads the wave of development
Retail real estate construction in the Washington, D.C., area is at a four-year high, with the Maryland suburbs leading the way.
DC region sees office tenants occupy more space than vacate for first time since 2023
Suburban Maryland still lagging behind other areas
The Washington, D.C., office market ended 2024 by recording positive absorption — or more space occupied than vacated — for the first time since the second quarter of 2023.
DC surpasses 700,000 residents for first time since pandemic
Multifamily completions are keeping up with demand
Washington, D.C., surpassed 700,000 residents for the first time since 2019 and topped all other states and state equivalents in the population growth rate between 2023 and 2024, a...