Washington Metropolitan Area Market Report
Q2 - 2021

Northern Virginia - Office
Both vacancies and rents are at decade long highs in Northern Virginia. Covid-19 is still causing moveouts and downsizing as office users remain virtual. Construction is high, but not necessarily a source of risk.



Suburban Maryland - Office
Office buildings in suburban Maryland have seen rising vacancies over the past 12-18 months especially in B & C class space. Despite slow demand, year-over-year rent growth remains marginally positive in most areas.



Northern Virginia - Industrial/Flex
Demand for industrial space in Northern Virginia has driven rent growth far beyond historical norms. The e-commerce boom and data center expansion has paved the way for one of the tightest industrial markets on record.
CONTACT


Emiliano
Morales Flores
Market Research Analyst
emorales@edgecre.com
703.334.5631