WASHINGTON DC OFFICE & INDUSTRIAL REPORT
The single tenant Office/Industrial market is highly
competitive today, however, this competitiveness varies due to the nature of
the tenant and the relevant market. High credit tenants in primary – especially
urban – markets are among the highest in demand. According to Costar the market for single
tenant NNN investments is averaging 10,000 transactions a quarter. A majority
of those were Retail spaces, Corporate and Regional HQ’s in Primary and
Secondary Markets.
Of these primary markets, none is more interesting
than Washington DC. Many Investors and Corporations have excess cash holdings
and seek less volatile investments than the open stock and bond
markets.
This trend has been realized through the increased activity of
Institutional Investors, Private Equity Groups, and both publicly and
privately traded REIT’s D.C. is particularly fascinating with the inclusion of
Government and Government Contracting Tenants such as SAIC, Booz Allen, Lockheed
Martin, Northrop Grumman, etc.
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