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Nathan Edwards

WASHINGTON, DC–The District’s speculative office pipeline has been quite robust for some time. Yet more spec office development is likely in the offing despite the current 14% vacancy rate, according to Nate Edwards, senior director of Cushman & Wakefield’s Washington, DC region Research team. “While the market overall is still solidly in tenant-favorable conditions, a few large tech transactions into existing product are making suburban Class A contiguous blocks harder to come by, and this is expected to spark new speculative construction in the next 12-18 months,” he said as part of the firm’s quarterly report on the area.

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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