Carl Caputo

WASHINGTON, DC–The flexible space market is now the main driver of office occupancy growth across the region, responsible for 42% of gains since the beginning of 2014, according to a new JLL research note written by Carl Caputo.

In the District, coworking has driven the flexible space market, with four recent leases by coworking providers in the CBD and East End helping to backfill more than 250,000 square feet of former law firm-occupied space. Another six recent coworking leases have taken less than 270,000 square feet of space at new or renovated offices in the emerging markets of The Wharf, Ballpark, Market District, Eastern Market, Dupont-Logan-Shaw and H Street, Caputo writes.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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