SlideShare a Scribd company logo
5 5 WASHINGTON DC METRO   MARKET OVERVIEW www.grubb-ellis.com grubb-ellis.com
Susan Pepper 2010 President GREATER WASHINGTON COMMERCIAL ASSOCIATION OF REALTORS Senior Vice President Grubb & Ellis Company
Greater Washington Office Market ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Center of the Universe  Source:  Grubb & Ellis Research
D.C. Metro – Best of the Biggest  Washington – 37,000
Unemployment Rate Year-End Source: U.S. Bureau of Labor Statistics 10.2% 7.6% 6.2%
Loss of Jobs  Rising Vacancy  But there’s more to it…
D.C. Metro Office Deliveries  Source:  Grubb & Ellis Research, CoStar Square Feet (Millions) *Anticipated Deliveries
Vacancy and Average Asking Rental Rates Dollars per Square Foot Vacancy Rate D.C. Office Market Source:  Grubb & Ellis Research *Projection
Vacancy and Average Asking Rental Rates Dollars per Square Foot Vacancy Rate Source:  Grubb & Ellis Research *Projection Northern VA Office Market
Vacancy and Average Asking Rental Rates Dollars per Square Foot Vacancy Rate Suburban MD Office Market Source:  Grubb & Ellis Research *Projection
2009 at a Glance in Greater Washington  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source:  Grubb & Ellis Research
Available Sublease Space Source:  Grubb & Ellis Research Increasing at a Decreasing rate…  Square Feet
Office Sales Volume (In Billions) D.C. Metro Investment  * Projection Source:  Real Capital Analytics, Grubb & Ellis
1099 New York Avenue  – 178,000 SF Sale Price: $90.5 million Buyer: Credit Suisse Seller: Tishman Speyer What would we do without foreign money? 1999 K Street – 249,000 SF Sale Price: $207.8 million Buyer: Deka Immobilien Investment Seller: Vornado Realty trust
*Projection Source:  General Services Administration, Grubb & Ellis GSA Regional Inventory of Leased Space  GSA…YEA! (SF in Millions)
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Summary

More Related Content

More from NVAR .com

2010 Year-End Press Conference
2010 Year-End Press Conference2010 Year-End Press Conference
2010 Year-End Press Conference
NVAR .com
 
Dulles Rail Project Presentation
Dulles Rail Project PresentationDulles Rail Project Presentation
Dulles Rail Project Presentation
NVAR .com
 
Fairfax County EDA Presentation
Fairfax County EDA PresentationFairfax County EDA Presentation
Fairfax County EDA Presentation
NVAR .com
 
NVAR Spring Forecast - Dr. Stephen Fuller
NVAR Spring Forecast - Dr. Stephen FullerNVAR Spring Forecast - Dr. Stephen Fuller
NVAR Spring Forecast - Dr. Stephen Fuller
NVAR .com
 

More from NVAR .com (19)

2010 Year-End Press Conference
2010 Year-End Press Conference2010 Year-End Press Conference
2010 Year-End Press Conference
 
2010 12-07 international forum
2010 12-07 international forum2010 12-07 international forum
2010 12-07 international forum
 
2010-12-06-affiliate-market-update
2010-12-06-affiliate-market-update2010-12-06-affiliate-market-update
2010-12-06-affiliate-market-update
 
December 2010 CRS Meeting
December 2010 CRS MeetingDecember 2010 CRS Meeting
December 2010 CRS Meeting
 
5th Annual Appraisal Summit
5th Annual Appraisal Summit5th Annual Appraisal Summit
5th Annual Appraisal Summit
 
Annual Press Conference - PGCAR Presentation
Annual Press Conference - PGCAR PresentationAnnual Press Conference - PGCAR Presentation
Annual Press Conference - PGCAR Presentation
 
Annual Press Conference - George Mason University's Center for Regional Analy...
Annual Press Conference - George Mason University's Center for Regional Analy...Annual Press Conference - George Mason University's Center for Regional Analy...
Annual Press Conference - George Mason University's Center for Regional Analy...
 
Annual Press Conference - GCAAR Presentation
Annual Press Conference - GCAAR PresentationAnnual Press Conference - GCAAR Presentation
Annual Press Conference - GCAAR Presentation
 
Annual Press Conference - NVAR Presentation
Annual Press Conference - NVAR PresentationAnnual Press Conference - NVAR Presentation
Annual Press Conference - NVAR Presentation
 
Market Your Listings
Market Your ListingsMarket Your Listings
Market Your Listings
 
Dr. Lawrence Yun - 13th Annual Economic Summit
Dr. Lawrence Yun - 13th Annual Economic SummitDr. Lawrence Yun - 13th Annual Economic Summit
Dr. Lawrence Yun - 13th Annual Economic Summit
 
Dr. Frank Nothaft - 13th Annual Economic Summit
Dr. Frank Nothaft - 13th Annual Economic SummitDr. Frank Nothaft - 13th Annual Economic Summit
Dr. Frank Nothaft - 13th Annual Economic Summit
 
Dr. Stephen Fuller - 13th Annual Economic Summit
Dr. Stephen Fuller - 13th Annual Economic SummitDr. Stephen Fuller - 13th Annual Economic Summit
Dr. Stephen Fuller - 13th Annual Economic Summit
 
Mr. Allen Jones - - 13th Annual Economic Summit
Mr. Allen Jones -  - 13th Annual Economic SummitMr. Allen Jones -  - 13th Annual Economic Summit
Mr. Allen Jones - - 13th Annual Economic Summit
 
Dr. Fratantoni - 13th Annual Economic Summit
Dr. Fratantoni - 13th Annual Economic SummitDr. Fratantoni - 13th Annual Economic Summit
Dr. Fratantoni - 13th Annual Economic Summit
 
Dulles Rail Project Presentation
Dulles Rail Project PresentationDulles Rail Project Presentation
Dulles Rail Project Presentation
 
Fairfax County EDA Presentation
Fairfax County EDA PresentationFairfax County EDA Presentation
Fairfax County EDA Presentation
 
NVAR Spring Forecast - TJ Doyle
NVAR Spring Forecast - TJ DoyleNVAR Spring Forecast - TJ Doyle
NVAR Spring Forecast - TJ Doyle
 
NVAR Spring Forecast - Dr. Stephen Fuller
NVAR Spring Forecast - Dr. Stephen FullerNVAR Spring Forecast - Dr. Stephen Fuller
NVAR Spring Forecast - Dr. Stephen Fuller
 

Recently uploaded

Killer Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing TurkeyKiller Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing Turkey
Listing Turkey
 
Listing Turkey - Sinpaş Queen Bomonti Katalog
Listing Turkey - Sinpaş Queen Bomonti KatalogListing Turkey - Sinpaş Queen Bomonti Katalog
Listing Turkey - Sinpaş Queen Bomonti Katalog
Listing Turkey
 
Torun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing TurkeyTorun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing Turkey
Listing Turkey
 

Recently uploaded (20)

Optimizing Your MCA Lead Capture Process for Better Results
Optimizing Your MCA Lead Capture Process for Better ResultsOptimizing Your MCA Lead Capture Process for Better Results
Optimizing Your MCA Lead Capture Process for Better Results
 
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
 
How to Scan Tenants in NYC - You Should Know!
How to Scan Tenants in NYC - You Should Know!How to Scan Tenants in NYC - You Should Know!
How to Scan Tenants in NYC - You Should Know!
 
What is BDA? Understanding the Bangalore Development Authority
What is BDA? Understanding the Bangalore Development AuthorityWhat is BDA? Understanding the Bangalore Development Authority
What is BDA? Understanding the Bangalore Development Authority
 
Types and Sources of Mortgage Leads: What You Need to Know
Types and Sources of Mortgage Leads: What You Need to KnowTypes and Sources of Mortgage Leads: What You Need to Know
Types and Sources of Mortgage Leads: What You Need to Know
 
Avrupa Konutlari Yenimahalle - Listing Turkey
Avrupa Konutlari Yenimahalle - Listing TurkeyAvrupa Konutlari Yenimahalle - Listing Turkey
Avrupa Konutlari Yenimahalle - Listing Turkey
 
Sefakoy Sinpas Boulevard Istanbul - Presentation
Sefakoy Sinpas Boulevard Istanbul - PresentationSefakoy Sinpas Boulevard Istanbul - Presentation
Sefakoy Sinpas Boulevard Istanbul - Presentation
 
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
 
Killer Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing TurkeyKiller Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing Turkey
 
Salarpuria Sattva Lakeridge Neopolis Hyderabad.pdf.pdf
Salarpuria Sattva Lakeridge Neopolis Hyderabad.pdf.pdfSalarpuria Sattva Lakeridge Neopolis Hyderabad.pdf.pdf
Salarpuria Sattva Lakeridge Neopolis Hyderabad.pdf.pdf
 
Listing Turkey - Sinpaş Queen Bomonti Katalog
Listing Turkey - Sinpaş Queen Bomonti KatalogListing Turkey - Sinpaş Queen Bomonti Katalog
Listing Turkey - Sinpaş Queen Bomonti Katalog
 
Shapoorji Pallonji Plots Jadhavgadh Fort Pune.pdf
Shapoorji Pallonji Plots Jadhavgadh Fort Pune.pdfShapoorji Pallonji Plots Jadhavgadh Fort Pune.pdf
Shapoorji Pallonji Plots Jadhavgadh Fort Pune.pdf
 
Redevelopment in Pune Challenges & Solutions (PPT).pdf
Redevelopment in Pune Challenges & Solutions (PPT).pdfRedevelopment in Pune Challenges & Solutions (PPT).pdf
Redevelopment in Pune Challenges & Solutions (PPT).pdf
 
MC Heights-Best Construction Company in jhang
MC Heights-Best Construction Company in jhangMC Heights-Best Construction Company in jhang
MC Heights-Best Construction Company in jhang
 
Sinpas Gokorman Presentation. - Listing Turkey
Sinpas Gokorman Presentation. - Listing TurkeySinpas Gokorman Presentation. - Listing Turkey
Sinpas Gokorman Presentation. - Listing Turkey
 
Top 10 International Schools in Bangalore
Top 10 International Schools in BangaloreTop 10 International Schools in Bangalore
Top 10 International Schools in Bangalore
 
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
 
Torun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing TurkeyTorun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing Turkey
 
Vacant Land for Sale - 3612 Pioneer Road, Town of Middleton, WI
Vacant Land for Sale - 3612 Pioneer Road, Town of Middleton, WIVacant Land for Sale - 3612 Pioneer Road, Town of Middleton, WI
Vacant Land for Sale - 3612 Pioneer Road, Town of Middleton, WI
 
One FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction Update
 

Annual Press Conference - GWCAR Presentation

  • 1. 5 5 WASHINGTON DC METRO MARKET OVERVIEW www.grubb-ellis.com grubb-ellis.com
  • 2. Susan Pepper 2010 President GREATER WASHINGTON COMMERCIAL ASSOCIATION OF REALTORS Senior Vice President Grubb & Ellis Company
  • 3.
  • 4. D.C. Metro – Best of the Biggest Washington – 37,000
  • 5. Unemployment Rate Year-End Source: U.S. Bureau of Labor Statistics 10.2% 7.6% 6.2%
  • 6. Loss of Jobs Rising Vacancy But there’s more to it…
  • 7. D.C. Metro Office Deliveries Source: Grubb & Ellis Research, CoStar Square Feet (Millions) *Anticipated Deliveries
  • 8. Vacancy and Average Asking Rental Rates Dollars per Square Foot Vacancy Rate D.C. Office Market Source: Grubb & Ellis Research *Projection
  • 9. Vacancy and Average Asking Rental Rates Dollars per Square Foot Vacancy Rate Source: Grubb & Ellis Research *Projection Northern VA Office Market
  • 10. Vacancy and Average Asking Rental Rates Dollars per Square Foot Vacancy Rate Suburban MD Office Market Source: Grubb & Ellis Research *Projection
  • 11.
  • 12. Available Sublease Space Source: Grubb & Ellis Research Increasing at a Decreasing rate… Square Feet
  • 13. Office Sales Volume (In Billions) D.C. Metro Investment * Projection Source: Real Capital Analytics, Grubb & Ellis
  • 14. 1099 New York Avenue – 178,000 SF Sale Price: $90.5 million Buyer: Credit Suisse Seller: Tishman Speyer What would we do without foreign money? 1999 K Street – 249,000 SF Sale Price: $207.8 million Buyer: Deka Immobilien Investment Seller: Vornado Realty trust
  • 15. *Projection Source: General Services Administration, Grubb & Ellis GSA Regional Inventory of Leased Space GSA…YEA! (SF in Millions)
  • 16.