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September 19, 2018  

MARKET SPOTLIGHT: Washington Office Properties

A heavy pipeline of listings varies from well-stabilized trophies to buildings in need of leasing and renovation. All are drawing crowds of potential buyers.Some 6 million sf of space is under construction downtown, just 56% of which is pre-leased. JLL projects that the added supply will drive the Class-A occupancy rate down to 80% from 84% over the next 24 months and also put downward pressure on rents.Meanwhile, updated Class-B buildings that...

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