BID report: Downtown D.C. hits record high office vacancy rate, but sees plenty of new development


Downtown D.C. saw booms in development and tourism last year, but also notched a record-high office vacancy rate and sluggish employment growth, according to a new report.

The Downtown D.C. Business Improvement District’s annual “State of Downtown” report for 2018 paints a largely rosy picture of the economic prospects for the District’s core. Even still, the report released Friday notes the neighborhood is coping with a “tenants’ market” in the office sector, while the retail vacancy…

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