Government sector dominates Q3 2023 leasing activity

The Washington D.C. office market saw a sharp uptick in leasing activity for Q3 with volume totaling 2.2 million square feet (msf), compared to 1.4 msf in the previous quarter. Year-over-year leasing activity increased 1.1 msf. Third-quarter leasing activity was dominated by the Government sector, which executed five of the largest leases of the quarter. Most notable were two short term extensions for SEC (U.S. Securities and Exchange Commission) at 100 F St NE for 709,403 square feet (sf), and at 600 2nd St NE for 361,833 sf.

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