Washington DC Commercial Real Estate Market

Q: How large is the Washington DC commercial real estate market?

RealStarGlobal tracks 130 buildings totalling 35,458,500 SF across 6 property types in Washington DC.

Q: How many people live in the Washington DC market?

The Washington DC market has a population of 6,258,013 with employment growth of 3.0% year over year.

Washington DC CRE market data: 130 buildings, 35,458,500 SF of inventory, Office vacancy 19.6% and average asking rent $56.01/SF. Browse 130 live listings.

130Buildings tracked

35,458,500 SFInventory

6,258,013Population

3.0%Employment growth

130Live listings

15Submarkets

Washington DC fundamentals by property type

Property type	Buildings	Inventory SF	Vacancy	Avg asking rent	Rent YoY	Avg cap rate	Avg $/SF
Office	72	22,374,000	19.6%	$56.01	0.8%	5.61%	$137
Multi-Family	22	7,254,700	7.3%	$23.29	2.5%	6.60%	$485
Industrial	4	2,709,400	4.9%	$9.63	4.5%	6.45%	$160
Medical	11	1,300,100	5.5%	$28.27	5.1%	5.97%	$381
Retail	14	1,209,900	27.0%	$36.63	2.9%	8.09%	$496
Flex	4	464,500	15.5%	$13.54	2.4%	5.44%	$228

Vacancy, asking rent and cap-rate series are maintained per market and property type and re-cut nightly. Full 12-quarter history, absorption and construction pipeline are in the RealStar.

Featured Washington DC listings

1992 L St NWAlexandria, VA · Office · Class A79,700 SF available$56.85 – $69.21/SF/yr FS

Cornerstone TowerAlexandria, VA · Medical · Class B149,200 SF$32.09 – $39.06/SF/yr FS

Heritage SquareBethesda, MD · Office · Class C146,100 SF available$46.11 – $56.14/SF/yr FS

Riverfront CenterWashington, DC · Office · Class B23,700 SF available$53.30 – $64.88/SF/yr FS

Liberty PavilionWashington, DC · Office · Class B33,300 SF available$51.63 – $62.85/SF/yr FS

1340 Wisconsin AveWashington, DC · Office · Class A49,900 SF available$64.71 – $78.77/SF/yr FS

Legacy ExchangeAlexandria, VA · Office · Class C197,600 SF$51.04 – $62.13/SF/yr FS

1990 Leesburg PikeWashington, DC · Retail · Class B34,900 SF$37.87 – $46.10/SF/yr NNN

2932 Waterfront StWashington, DC · Office · Class A164,400 SF available$61.27 – $74.59/SF/yr FS

924 Massachusetts Ave NWHyattsville, MD · Office · Class C7,200 SF available$51.94 – $63.24/SF/yr FS

401 M St NWHyattsville, MD · Office · Class B100,500 SF available$56.27 – $68.51/SF/yr FS

Alamo LandingWashington, DC · Office · Class B20,400 SF available$50.62 – $61.62/SF/yr FS

130 commercial properties are tracked in Washington DC, representing 35,458,500 SF of rentable building area, of which 5,534,300 SF is currently marketed as available.

Asking rents average $52.26 per square foot per year, the median marketed suite is 23,000 SF, and listings have been on market a median of 449 days.

The stock splits 41 Class A, 59 Class B, 30 Class C, with construction dates from 1906 to 2024 (median 1969).

The most concentrated submarkets are Hyattsville (16), Bethesda (13), Alexandria (13), Georgetown (10), Midtown Center - East Tower (9).

Washington DC cities

Washington, DC Hyattsville, MD Alexandria, VA Bethesda, MD Arlington, VA Forest Heights, MD Silver Spring, MD McLean, VA Springfield, VA

Washington DC submarkets

Alexandria Bethesda CBD Capitol Hill Crystal City East End Georgetown Hyattsville Midtown Center - East Tower National Harbor NoMa Rosslyn-Ballston Silver Spring Springfield Tysons Corner

Washington DC space by property type

Office for lease in Washington Office for lease in Hyattsville Office for lease in Alexandria Office for lease in Bethesda Industrial for lease in Alexandria Industrial for lease in Bethesda Retail for lease in Washington Retail for lease in Hyattsville Retail for lease in Alexandria Multi-Family for lease in Washington Multi-Family for lease in Hyattsville Multi-Family for lease in Alexandria Multi-Family for lease in Bethesda Flex for lease in Washington Flex for lease in Alexandria Medical for lease in Washington Medical for lease in Hyattsville Medical for lease in Alexandria Medical for lease in Bethesda

Nearby markets

New York City Dallas-Fort Worth Austin Houston Richmond San Antonio Northern New Jersey El Paso Beaumont Laredo Midland-Odessa Corpus Christi Waco-Temple Rio Grande Valley

Market fundamentals are RealStarGlobal analytics derived from tracked inventory. Transaction and news signals come from the Acquirepad CRE feed. Registry, assessor and GIS provenance for every jurisdiction is documented in the data sourcing plan.

Frequently asked questions

How large is the Washington DC commercial real estate market?

RealStarGlobal tracks 130 buildings totalling 35,458,500 SF across 6 property types in Washington DC.

What is the vacancy rate in Washington DC?

Office 19.6%; Multi-Family 7.3%; Industrial 4.9%; Medical 5.5%; Retail 27.0%; Flex 15.5%.

What are asking rents in Washington DC?

Office $56.01/SF/yr (0.8% YoY); Multi-Family $23.29/SF/yr (2.5% YoY); Industrial $9.63/SF/yr (4.5% YoY); Medical $28.27/SF/yr (5.1% YoY); Retail $36.63/SF/yr (2.9% YoY); Flex $13.54/SF/yr (2.4% YoY).

What cap rates are assets trading at in Washington DC?

Office 5.61% at $137/SF; Multi-Family 6.60% at $485/SF; Industrial 6.45% at $160/SF; Medical 5.97% at $381/SF; Retail 8.09% at $496/SF; Flex 5.44% at $228/SF.

What are the submarkets of Washington DC?

Alexandria, Bethesda, CBD, Capitol Hill, Crystal City, East End, Georgetown, Hyattsville, Midtown Center - East Tower, National Harbor, NoMa, Rosslyn-Ballston, Silver Spring, Springfield, Tysons Corner.

How many people live in the Washington DC market?

The Washington DC market has a population of 6,258,013 with employment growth of 3.0% year over year.

How do I get Washington DC lease and sale comparables?

Lease comps, sale comps, tenant rosters, loan maturities and owner records for Washington DC are in the RealStar, and available programmatically through the MCP server.