The resilience of Washington DC's office market has been supported throughout the pandemic by one of the strongest tech sectors in the country—and it's in good company.
"Even before the pandemic, the nation's capital was starting to transition government jobs to a work-from-home model, and COVID only accelerated it," write Moody's Analytics David Caputo and Thomas LaSalvia in a new analysis. "While this sector may downsize some offices, the high volume of leasing by tech companies could not have come at a better time and propped up the local market."
DC is followed by Seattle, Atlanta, San Francisco, San Jose, Raleigh, Dallas, Chicago, Los Angeles, New York, Baltimore, Austin, Colorado Springs, Boston, and Denver.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
