Comparing Office Tenant Leasing Activity in Washington, DC

The DC office market saw a significant uptick in leasing activity (in square footage) compared to 2023. While government tenants appear to have experienced the largest decline in market share, a closer look reveals that this decrease in leased square footage is primarily due to the substantial growth in sectors such as law firms, banking, finance, and real estate.

These industries have offset the reduction in government leasing activity with high-profile transactions, including ArentFox Schiff and Fannie Mae at 1100 15th St NW, playing a key role in driving this trend.