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.

“Among contiguous blocks of 200,000 square feet or greater in Northern Virginia, there are six Class A options and seven Class B options available through 2020,” he said.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at 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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