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As buildings fill up in nation’s capital, association tenants lose bargaining edge

Related content Development wants groups to call it 'home' Rental rates for groups in the Washington, D.C., region are likely to be on the rise. Associations looking for office space in the Washington, D.C., region likely won’t win the concessions from landlords they could’ve received only a year or two ago, as demand for space has finally caught up with supply. Tenants have had the upper hand in lease negotiations in recent years, thanks to a glut of new construction that came onto the market at the end of the last decade. But, according to market research by the real estate services firm CB Richard Ellis, tenant growth in 2010 outpaced new construction for the… Read More