RCA in the commercial property press:

Office Building Deals Drop Off Six-Month Sales Plunge 61 Percent in the District, 87 Percent in Northern VA

The Washington Post reports:

In Washington DC, $1.4b of office space was sold in the
first six months of the year, down 61% from the $3.6b
sold by the same time last year. The decline was even more staggering in Northern Virginia, where commercial building sales fell a whopping 87 percent, to $914 million from $6.8 billion just a year
ago.

"The commercial real estate game doesn't work without debt, and it
is very hard to come by these days on attractive terms," said Dan
Fasulo, research director for Real Capital Analytics.

View the full article on The Washington Post: Office Building Deals Drop Off Six-Month Sales Plunge 61 Percent in the District, 87 Percent in Northern VA

Posted by: Matt Stone

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