According to research from real estate firm JLL, that’s an all-time record for Washington office buildings, although the record for a retail property is much higher. A Dupont Circle building with a Starbucks in the bottom set the retail record earlier this year when it sold for $16.2 million, or $1,672 per square foot.
As it did a few years ago, when the Market Square complex on Pennsylvania Avenue sold for $905 per foot, speculation has begun about when a Washington sale will top $1,000 per square foot.
Bill Prutting, a broker at JLL, said there are probably eight or 10 buildings in Washington that would top the $1,000 per foot mark but none of them are for sale.
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