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.
