Nathan Edwards

WASHINGTON, DC–Earlier this month Cushman & Wakefield released its fourth quarter 2017 Research Statistics, reporting that concession packages for the DC area have remained elevated for long-term Class A deals. That was perhaps an understatement: it noted that some tenant improvement allowance packages are reaching $130 per square foot, as landlords chase the few large near-term expirations in the market.

That’s not all: there are rumor deals out there that have TIs reaching $150 per square feet and free rent as much as 24 months, Nathan Edwards, senior director of Cushman & Wakefield, tells GlobeSt.com.

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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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