WASHINGTON, DC–Newmark Knight Frank held its2017 BenchMarks event last week. BenchMarks is anannual report authored by Greg Leisch, NKF'ssenior managing director of Market Research — an event that theWashington DC area's CRE community looks forward to each year.GlobeSt.com will be looking at the findings over the next fewdays.

One finding is a bit sobering for the District: Millennials arestarting to leave the city after flocking to it for years. Thisout-migration, Leisch tells GlobeSt.com, is increasing demand foroffice space and decreasing demand for apartments.

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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.