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The CoStar Office Market Watch

Monday, May 28, 2007

Submarket Market Size
(millions of square feet)
Space Available
(millions of square feet)
Vacancy Rate
(in percent)
Asking Rent
(per square foot)
Under Construction
(square feet)
Downtown DC 85.57 5.71 6.7% $45.17 2,702,588
Capitol Hill Area 28.04 0.43 14.6 45.00 1,852,621
Georgetown/Uptown 15.01 0.89 5.9 34.49 0
Northeast/Southeast 0.90 0.70 7.7 33.20 63,000
Bethesda/Chevy Chase 11.49 0.71 6.2 32.62 2,509
I-270 Corridor 37.85 4.22 11.2 27.76 1,496,794
Southeastern Montgomery County 11.88 0.57 4.8 25.32 44,000
Eastern Prince George's County 2.26 0.27 12.0 29.01 0
Northern Prince George's County 17.34 2.92 16.8 22.28 830,695
Southern Prince George's County 3.45 0.35 10.0 24.54 0
Frederick County 5.52 0.55 10.0 24.02 643,306
Columbia/Ellicott City 13.40 1.59 11.9 23.52 525,660
BWI/Route 1 Corridor 7.89 0.95 12.0 26.27 242,881
Southern Anne Arundel County 7.06 0.91 10.3 26.43 67,378
Alexandria/I-395 Area 36.71 4.16 11.3 32.65 765,876
Dulles Corridor 46.04 6.01 13.1 28.51 4,806,664
Greater Fairfax County 56.18 0.59 9.6 29.22 646,064
Leesburg/Route 7 Corridor 5.32 0.70 13.2 28.01 698,130
Manassas/Route 29/I-66 4.19 0.54 12.9 25.53 274,507
Rosslyn-Ballston Corridor 21.14 1.79 7.2 33.96 810,046
Woodbridge/I-95 Corridor 2.25 0.32 14.0 24.38 48,000

SOURCE: CoStar Group Inc.


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