For the first half of this year, the average cap rate rose in nine out of the 11 net lease subsectors compared to the same period last year.

The rent discount for Class A space in Crystal City vs. Class B space in Washington, DC will continue the trend of cost-conscious tenants exploring this market, according to JLL.

The tech industry has added 682,000 employees in the past five years -- and most significantly for the CRE industry, it has been a top driver of office leasing activity during that time.

The transaction is expected to close later this week.

Sales in the area are picking up with 3333 Wisconsin selling for $42.5 million, The Jefferson Building for $41.9 million and The Trellis House for $128 million.

“Another 60 basis point rate hike will be difficult to absorb.”

Al Rayyan Tourism Investment Co. refinanced three high-end hotels for a total of $503 million.

Post Road Group and Spruce Capital Partners acquired the 2,000+ unit portfolio.