Washington DC Market Report
Washington DC commercial real estate market report — 35,458,500 SF tracked across 130 buildings, 192 sale comparables, 773 lease comparables and 126 loans with 35 maturing before 2029.
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 |
Recent sale comparables
| Date | Property | Type | Price | $/SF | Cap | Buyer |
|---|---|---|---|---|---|---|
| 2026-07-25 | 2202 N Glebe Rd | Office | $56.28M | $284.84 | 5.55% | Silverline Holdings |
| 2026-03-12 | 3469 First St NE | Retail | $21.46M | $108.10 | 7.92% | Halcyon Property Trust |
| 2026-02-23 | 2852 First St NE | Office | $28.9M | $389.50 | 7.89% | James River Properties |
| 2026-01-18 | 2503 15th St NW | Retail | $41.97M | $364.67 | 7.10% | Redwood Property Trust |
| 2026-01-13 | 3255 12th St S | Office | $105.13M | $273.00 | 5.52% | Bellhaven Properties |
| 2026-01-13 | 45 New York Ave NW | Office | $59.23M | $244.74 | 7.38% | Potomac Realty Trust |
| 2026-01-07 | 2269 Crystal Dr | Medical | $48.69M | $244.45 | 5.97% | Permian Basin Properties |
| 2026-01-02 | 401 M St NW | Office | $46.53M | $153.31 | 8.43% | Halcyon Property Trust |
| 2025-12-25 | 3103 Connecticut Ave NW | Office | $82.07M | $215.57 | 8.81% | Everline Real Estate |
| 2025-12-21 | 1705 Wisconsin Ave | Flex | $13.85M | $164.67 | 7.34% | Juniper Real Estate |
| 2025-12-12 | 325 Leesburg Pike | Industrial | $105.16M | $94.89 | 8.83% | Westbrook Equities |
| 2025-12-06 | 2733 Pennsylvania Ave NW | Office | $294.8M | $355.69 | 6.84% | Passaic Valley Holdings |
Debt and rollover exposure
126 loans totalling $4.91B are tracked against Washington DC assets. 35 of them, representing $1.3B, mature before January 2029. Separately, 472 tracked leases covering 7,829,550 SF expire in the same window.
Weighted average coupon on tracked Washington DC debt is 5.58% with average loan-to-value of 59.7%. See how to read a maturity schedule for the refinancing-gap method.
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).
Methodology
Fundamentals are computed from RealStarGlobal's tracked inventory for Washington DC and re-cut on each build (2026-08-26). Sale and lease comparables are the tracked transaction set for assets in this market; loan records derive from recorded mortgages and tracked lender reporting. Property-level inventory in this demonstration dataset is RealStarGlobal sample data — live market activity, deal flow and news come from the Acquirepad CRE intelligence feed. Registry and GIS provenance per jurisdiction is set out in the data sourcing plan. Definitions follow the conventions described in why providers disagree about submarkets.