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.
Market Research Analyst
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.