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WASHINGTON, DC-Rosenthal Properties, LLC has inked eight retail leases in Q1 totaling 34,510 square feet. In addition, the company has a robust pipeline for Q2, says director of Leasing Billy Orlove—including some light industrial properties, it believes it will ink between 50,000 square feet to 100,000 square feet of deals in Q2, many of which will be retail.

“We are seeing a lot of high level looks from national retailers in the DC area,” Orlove tells GlobeSt.com. “There is also a large focus by food companies, restaurants and vendors.” Meanwhile the same dynamics that have shaped Washington retail — strong demand, limited supply of space — continue, he says. For that reason, DC’s retail market cannot be said to be a definitive “tenant’s market” or “landlord’s market”. Rather, it is very much a case-by-case basis depending on the location. Orlove says. “Right now the trend is to fill vacancies and both tenants and landlords are working to make deals happen.”

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