WASHINGTON, DC-New statistics fromStudley are pointing to a tenants’ market that showslittle sign of easing. While hard numbers are rarely indispute--interpretation of those numbers is another story. JonesLang LaSalle, for example, believes there are stronger strains of alandlords’ market in the DC area that bear examining.
“I agree with much of what [David Lipson, executivevice president of Studley] said,” Scott Homa, director of researchfor JLL, tells GlobeSt.com. “However, I would say that there aresome parts of the area that have seen a significant tightening oreven a reversal.”
Lipson did point to NoMa and the Southeast and Southwest as verytight, Homa notes. “There are other submarkets, as well, where theshift is moving toward being landlord-friendly.” This includesBethesda, Rosslyn-Ballston and, most notably, trophy space in theCBD and East End.
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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.
