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Washington, D.C. Q1 2025 Office Market Report
"Market fundamentals hold as Washington embarks on a year of uncertainty"
We pride ourselves on our in-depth commercial real estate research. Our specialist teams offer insight into current market trends and predictions for the future to help you make the right real estate decisions.
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"Market fundamentals hold as Washington embarks on a year of uncertainty"
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"The Texas-Mexico border spans 1,254 miles, four metropolitan statistical areas (MSAs) and various ports of entry. The gateways that make up the burgeoning Texas border markets — El Paso, Ysleta, Tornillo, Laredo, Hidalgo, Progresso and Brownsville — accounted for $540.0 billion in import/export value in 2024, a 40.0% increase from just five years ago."
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"Law firm leasing activity in 2024 reached its highest level in years, surpassing pre-pandemic levels, setting a new benchmark and reaffirming the legal sector’s role as a key driver of office demand."

"We are pleased to release the 2025 Savills Ports Report, presented by Savills Industrial Services. This comprehensive annual report highlights the 15 busiest ports in the U.S., with key comparison metrics for infrastructure, congestion, labor and real estate, along with analysis of trade volumes and macro trends at both national and market-level geographies."
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"The "State of the Market: Atlanta, Q4 2024" report summarizes key office market metrics, including availability rates, asking rents, and major leasing activities across Atlanta’s submarkets."

"We are pleased to release the latest State of the U.S. Office Market. This quarterly presentation provides key metrics on office leasing and the current state of the capital markets within the sector."
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"In 2024, San Diego experienced 1.8 million square feet (msf) of negative net absorption, contributing to a continued increase in vacancy rates."
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"Vacancy climbed 110 basis points (bps) from Q3, accelerating upward to end the year following two large speculative deliveries."
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"Total net absorption in 2024 reached just 1.6 million square feet (msf), an 82.0% decline from the 9.7 msfrecorded in 2023."
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"Quarterly net absorption of 1.4 million square feet (msf) ended 2024 on a high note."