WASHINGTON, DC-Not surprisingly, the Washington DC area delivered a solid performance in real estate investment office sales for the first four months of this year, Cassidy Turley reports. In Q1, $1.9 billion in transactions closed, putting the area on pace to exceed the $5.4 billion that typically closes in any given years.

There are many reasons that account for the DC area’s health, key being its strong employment rate. Cassidy Turley pointed out that at the end of Q1 unemployment stood at 5.8%, the lowest rate for any metro area. It also noted that cap rates are expected to start rising this year, after experiencing a compression of some 150 basis points in 2010.

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