As buildings fill up in nations capital, association tenants lose bargaining edge
- July 7, 2011 |
- Walt Williams
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 wont win the concessions from landlords they couldve 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