Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Washington DC  + DC Metro  + Office  | 
Cushman & Wakefield relocated its DC operations to the fifth floor of 2101 L Street and now occupies more than 38,000 square feet.

Law Firms Drive Washington D.C. Office Market in Q1 

The Washington D.C. office market experienced strong leasing activity from law firms, which comprised 40% of total leasing in Q1, according to data from Cushman & Wakefield, with 227,000 square feet of new leasing and 224,000 square feet of renewals.  

C&W finds that Class A space saw positive absorption of 124,000 square feet, with the East End leading with 194,000 square feet and new moves coming from Boston Consulting, Industrious, Apple, National Women’s Law Center, and CSBS.  

Rents in D.C. decreased by 1.5% year-over-year, while concession packages remained elevated with $175 in TIs and 20 plus free months for large leases over 20,000 square feet. Leasing over 20,000 square feet accounted for only 17% of overall leasing in Q1, with 640,000 square feet signed compared to 19,000 square feet in Q1 2022. However, this was up from the 420,000 square feet reported in Q4 2022, according to data from the report.  


Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.