Cassidy Turley has released its 2012 State of the Capital Markets report, showing a sharp jump in sales in the Washington, DC area in 2011 with a sales volume trailing only Manhattan according to a Washington Business Journal article. The report shows that Washington, DC metro area’s office sales volume totaled $7.2 billion in 2011, reflecting a marked increase of 68% over 2010. The region saw 73 transactions completed over the year and ranked second, behind Manhattan, in sales volume among all office markets for 2011.
"Washington, DC continues to be a strong market for investors. Over the next 12 – 24 months, the bulk of the sales activity will stay in core to core plus properties," commented Bill Collins, Executive Managing Director with Cassidy Turley. "But those investors willing to stray from the safest bets and assume future leasing exposure will be rewarded three years from now as the economy turns the corner and demand for space turns robust," he continued.
Click here to view the full 2012 State of the Capital Markets Report. For more news and information visit Blumberg Capital Partners.
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