Washington Metropolitan Area Market Report

Q2 - 2022

Northern Virginia - Industrial/Flex

A lack of inventory in Northern Virginia combined with heavy demand for logistics, and data centers created the perfect storm for decade-low vacancies of 2.1% and 4.4% in industrial and flex space respectively.

Suburban Maryland - Industrial/Flex

Vacancies have remained steady in Suburban Maryland with mixed net absorption. These are some of the tightest vacancies recorded in the area which has motivated developers to reignite the pipeline.

CONTACT

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

Q1 - 2022

Northern Virginia - Office

Sublet space is still in the rise as firms further their “right-sizing”. Landlords on the other hand sweeten the pot through alternative concessions outside of lowering the face asking rents.

Suburban Maryland - Office

Unlike Northern Virginia where vacancies have stabilized, Suburban Maryland vacancies continue creeping up since the onset of the pandemic

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