The Next Generation of Building Class in the District
Strength, Weakness, and Opportunity in Today’s Office Market
June 12, 2023 15 Minute Read
A Fundamental Shift in Demand and the Classification of Office Space
Dominated by themes of bifurcation, densification, and soft market conditions, segments of the Washington, D.C. office market are performing very differently from one another.
A portion of office stock was impacted more severely than the overall inventory, and some office properties have become obsolete in their current state.
Simultaneously, high quality product has captured the bulk of demand since the onset of the pandemic, and is expected to remain opportunistic for tenants and landlords alike.
As a result, the market must be defined in new ways, and CBRE Mid-Atlantic Research has created new building class designations.