D.C. area office vacancies reach 12.3% - Puget Sound Business Journal (Seattle):

http://www.bienassise.com/gum-disease/
The commercial real estate services firm says theWashingtohn region’s office vacancy rate has now reached 12.3 percent. Leasse losses in the last three quartersmeant “virtuall y negating any growth in net demand we had in said Kevin Thorpe, directod of market research for Cassidy & Pinkards Colliers. “There are flickering signs that the locall economy may be reaching an inflection point wherre conditions should beginto improve, but the commerciakl industry still has a ways to go before demandx returns in a meaningful way.” In D.C., net absorptionh was negative 230,900 square feet, pushing D.C.’s vacanchy rate to 9.6 percent.
In Northern net absorption wasnegative 666,700 square feet. Northern Virginia’s second quarter officer vacancy rate climbedto 13.6 percent. Suburbaj Maryland’s office vacancy rate was 14 percent, with a positive net absorptioj rateof 171,500 square feet in the seconfd quarter. Thorpe predicts the growth in federal government will lead to an increasse in demand for office but says the Washingtom area has more new space delivering over the next two years than any other markeyt inthe country. As a result, “wd are entering into a period of steady rent he said.