WASHINGTON, DC—The link between job growth and investment salesin commercial real estate is fairly straightforward: they both tendto rise in tandem. Not so, however, in the District these dayswhere fundamentals appear to be temporarily turned upside down.

This year JLL is predicting that investment sales in the District could go ashigh as $22.3 billion, compared to last year's $18billion. Yet job growth in the city is less-than-robust with theunemployment rate ticking down to 7.4% in July from 7.5% theprevious month.

There are reasons for that disconnect including DC's vaunted"safe haven" status for institutional investors. However there aresigns that local employment is catching up to support this storyline about the DC market.

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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.

Washington, DC