{"id":1004787545,"date":"2025-11-25T03:21:00","date_gmt":"2025-11-25T11:21:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004787545"},"modified":"2026-02-12T03:45:48","modified_gmt":"2026-02-12T11:45:48","slug":"dc-sales-rank-high-prices-drop","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dc-sales-rank-high-prices-drop\/","title":{"rendered":"DC Sales Rank High, Prices Drop"},"content":{"rendered":"\n<p>Washington, D.C.\u2019s office sector continued to show strong figures in terms of investment volume, according to the latest Yardi Matrix data. The District ranked third nationally for total sales volume in the first nine months of the year, despite assets trading for less than the national average.<\/p>\n\n\n\n<p>Construction activity remained sluggish, the capital\u2019s pipeline being one of the smallest among gateway markets, with only Chicago faring worse. Completions also dropped to almost a third year-over-year.<\/p>\n\n\n\n<p>The city also extended the Housing in Downtown program\u2014which grants a 20-year tax abatement for commercial-to-residential conversions\u2014to include the Near Northwest Planning Area. So far, eight projects benefited from the project, which would generate 1,745 units.<\/p>\n\n\n<p><iframe title=\"Top 10 Markets for Office Transactions (Copy)\" aria-label=\"Table\" id=\"datawrapper-chart-Ppqoc\" src=\"https:\/\/datawrapper.dwcdn.net\/Ppqoc\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"547\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-d-c-sales-stay-near-the-top\">D.C. sales stay near the top<\/h2>\n\n\n\n<p>Washington, D.C.\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-office-transactions\/\">office investment volume<\/a> year-to-date as of September clocked in at $3.2 billion. The metro ranked third nationally, surpassed only by Manhattan ($5.5 billion) and the Bay Area ($4.3 billion). Seattle ($506 million) and Miami ($411 million) were at the opposite pole.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2d74c42ddb1&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004762360\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/tysons-dulles-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Tysons Dulles Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;JBG Smith has acquired Tysons Dulles Plaza. Image courtesy of CBRE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png\" alt=\"Tysons Dulles Plaza, a three-building campus in Tysons, Va.\" class=\"wp-image-1004762360\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">JBG Smith has acquired Tysons Dulles Plaza. <em>Image courtesy of CBRE<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Assets in The District traded for $182 per square foot on average, slightly below the $195 national average. Manhattan posted the highest prices nationally, at $530 per square foot. Chicago assets traded at $61 per square foot, the lowest price among gateway markets.<\/p>\n\n\n\n<p>JBG Smith <a href=\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/\">acquired Tysons Dulles Plaza<\/a>, a three-building office campus in Tysons, Va., totaling 500,000 square feet. The buyer plans to re-entitle and redevelop one of the mid-rises into residential use, while the other two will be renovated and modernized.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-district-s-pipeline-thins-out\">The District\u2019s pipeline thins out<\/h2>\n\n\n\n<p>Washington, D.C.\u2019s office development pipeline as of the same month was 687,967 square feet, Chicago (505,983 square feet) being the only other gateway market to lag behind. This figure accounted for 0.2 percent of its total office inventory, a third of the national average.<\/p>\n\n\n\n<p>Miami (2.2 percent) had the largest share among similar metros. When also taking into account projects in planning stages, The District\u2019s figure reached 1.2 percent, still below the national average and most of its peers.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2d74c42e617&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignleft size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"601\" data-attachment-id=\"1004698461\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/1004698461\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/600_5th_N2_medium-1024x748-1-edited-1.jpg\" data-orig-size=\"800,601\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;steelblue&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;600 Fifth was the first office project to break ground in D.C. in 2023. Image courtesy of Rockefeller Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/600_5th_N2_medium-1024x748-1-edited-1.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/600_5th_N2_medium-1024x748-1-edited-1.jpg\" alt=\"600 Fifth rendering\" class=\"wp-image-1004698461\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/600_5th_N2_medium-1024x748-1-edited-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/600_5th_N2_medium-1024x748-1-edited-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/600_5th_N2_medium-1024x748-1-edited-1.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">600 Fifth was the first office project to break ground in D.C. in 2023. <em>Image courtesy of Rockefeller Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>A joint venture between Rockefeller Group and Stonebridge is working on 600 Fifth, a 400,000-square-foot redevelopment in D.C. The project represented the repositioning of the former Metro headquarters and will see the addition of three stories. Completion is scheduled for next year.<\/p>\n\n\n\n<p>The metro saw only four office properties coming online year-to-date as of September, totaling 734,538 square feet. This accounted for 0.2 percent of its stock, only 10 basis points below the national average.<\/p>\n\n\n\n<p>One of the properties that came online this year is Comstock Cos.\u2019 Reston Station, a 262,674-square-foot building in Reston, Va. The building rises nine stories and was built according to LEED Silver standards.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-listing-rates-dip-as-vacancy-rises\">Listing rates dip as vacancy rises<\/h2>\n\n\n\n<p>Washington, D.C.\u2019s office vacancy rate at the end of September clocked in at 20 percent, marking a 230-basis-point increase year-over-year. This figure was also above the 18.6 percent national index.<\/p>\n\n\n\n<p>Among gateway markets, Seattle (27 percent) and San Francisco (26.7 percent) posted the highest rates, while Manhattan (12.8 percent) and Miami (12.8 percent) had less available space.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2d74c42ed86&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004763818\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-ronald-reagan-building-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Ronald-Reagan-Building-edited.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Ronald Reagan Building\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Ronald Reagan Building and International Trade Center encompasses 3.1 million square feet across five stories. Image courtesy of Yardi &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Ronald-Reagan-Building-edited.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Ronald-Reagan-Building-edited.jpg\" alt=\"Exterior shot of The Ronald Reagan Building in Washington, D.C.\" class=\"wp-image-1004763818\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Ronald-Reagan-Building-edited.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Ronald-Reagan-Building-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The Ronald Reagan Building and International Trade Center encompasses 3.1 million square feet across five stories. <em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>In the third quarter of this year, The Federal Bureau of Investigation announced its headquarters will remain in Washington, D.C. The <a href=\"https:\/\/www.commercialsearch.com\/news\/fbi-hq-to-remain-in-downtown-dc\/\">agency will relocate<\/a> to the 3.1 million-square-foot Ronald Reagan Building and International Trade Center, moving from a 1.7 million-square-foot property.<\/p>\n\n\n\n<p>Additionally, international law firm <a href=\"https:\/\/www.commercialsearch.com\/news\/law-firm-moves-to-new-dc-offices\/\">Milbank LLP moved<\/a> to more than 64,000 square feet at a 12-story building within Washington, D.C.\u2019s East End submarket. Oxford Properties and Norges Bank Investment Management own the 2006-completed building.<\/p>\n\n\n\n<p>In terms of listing rates, The District registered a 1.6 percent year-over-year decrease, dropping to $40.8. Manhattan ($66.3) and San Francisco ($64.2) lead nationally.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-d-c-flex-footprint-lags-peers\">D.C. flex footprint lags peers<\/h2>\n\n\n\n<p>Washington, D.C.\u2019s coworking inventory at the end of September reached 7.1 million square feet across 300 locations, according to CoworkingCafe. This mirrors national <a href=\"https:\/\/www.commercialsearch.com\/news\/coworking-industry-trends-to-keep-an-eye-on\/\">coworking industry trends<\/a> that show demand shifting toward flexible space models.<\/p>\n\n\n\n<p>The market&#8217;s figures accounted for 1.8 percent of its total office stock, 30 basis points below the national average. The District\u2019s share was also below all gateway metros. Miami (4.1 percent) ranked first in the U.S., followed by Chicago (2.6 percent) and Manhattan (2.4 percent).<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2d74c42f497&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignleft size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004776606\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/washington-dc-office-market-update\/hartford-building\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/hartford-building.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"hartford building\" data-image-description=\"&lt;p&gt;Image from YM&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Carr Workplaces\u2019 newest location at the nine-story Hartford Building features private and shared conference rooms. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/hartford-building.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/hartford-building.jpg\" alt=\"Exterior shot of Hartford Building, an office property in Arlington, VA.\" class=\"wp-image-1004776606\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/hartford-building.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/hartford-building.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Carr Workplaces\u2019 newest location at the nine-story Hartford Building features private and shared conference rooms.<em> Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>In July, Carr Workplaces <a href=\"https:\/\/www.commercialsearch.com\/news\/carr-workplaces-opens-dc-area-flex-office\/\">opened a coworking location<\/a> in Arlington, Va. Spanning 26,331 square feet, the space is within Comstock Cos.\u2019 Hartford Building, a 211,450-square-foot property. The flex office provider with the largest coworking footprint in The District was Regus, with 668,227 square feet across 31 locations. The company was closely followed by Navigate (584,976 square feet) and WeWork (557,171 square feet). Industrious (476,332 square feet) and Spaces (425,562 square feet) rounded up the top five.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>See how the market ranks nationally for office investment volume, vacancy and other key metrics, according to Yardi Matrix data.<\/p>\n","protected":false},"author":41,"featured_media":1004763818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21783,52420,11,21742,21747,1615],"tags":[],"class_list":["post-1004787545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-investment","category-market-updates","category-midatlantic","category-latest","category-office","category-washington-dc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DC Sales Rank High, Prices Drop - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/dc-sales-rank-high-prices-drop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DC Sales Rank High, Prices Drop\" \/>\n<meta property=\"og:description\" content=\"See how the market ranks nationally for office investment volume, vacancy and other key metrics, according to Yardi Matrix data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dc-sales-rank-high-prices-drop\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-25T11:21:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-12T11:45:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Ronald-Reagan-Building-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dc-sales-rank-high-prices-drop\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/dc-sales-rank-high-prices-drop\/\",\"name\":\"DC Sales Rank High, Prices Drop - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dc-sales-rank-high-prices-drop\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dc-sales-rank-high-prices-drop\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Ronald-Reagan-Building-edited.jpg\",\"datePublished\":\"2025-11-25T11:21:00+00:00\",\"dateModified\":\"2026-02-12T11:45:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dc-sales-rank-high-prices-drop\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/dc-sales-rank-high-prices-drop\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dc-sales-rank-high-prices-drop\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Ronald-Reagan-Building-edited.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Ronald-Reagan-Building-edited.jpg\",\"width\":640,\"height\":480,\"caption\":\"The Ronald Reagan Building and International Trade Center encompasses 3.1 million square feet across five stories. 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