The quarter in brief
Two to three sentences on the headline movement this quarter, written from the tenant's point of view: where leverage grew, where it narrowed.
Vacancy and availability
Published vacancy is a starting point. What matters to a tenant is how much competitive space exists in the buildings that actually fit the requirement: the right size block, the right class, and the right timing. That is the analysis behind every Clarity search.
Asking rents by submarket
| Submarket | Class A asking ($/SF) | Class B asking ($/SF) | Quarter-over-quarter |
|---|---|---|---|
| Central Business District | data | data | data |
| East End | data | data | data |
| NoMa | data | data | data |
| Capitol Riverfront | data | data | data |
| Georgetown | data | data | data |
| Rosslyn-Ballston Corridor | data | data | data |
Sublease space
Sublease space can offer furnished, move-in-ready suites at a discount to direct space, usually with a shorter remaining term. It also carries risks a tenant should price in: the sublandlord's lease controls, consent rights sit with the building owner, and the remaining term may not match the organization's plans. This quarter's sublease trend and notable blocks, without naming tenants.
Concessions: free rent and tenant improvements
Asking rent is only one line of the deal. Free rent and tenant improvement allowances often move more value than the rate itself. See our lease concessions tracker for how packages are trending by building class.
What this means for tenants
- If your lease expires within 24 months, the window to create competition for your tenancy is open now; see our relocation timeline.
- Treat the market average as a floor for negotiation, not a ceiling.
- Weigh sublease options carefully against direct space with a full concession package.
Frequently asked questions
How often is this report updated?
Quarterly, shortly after each quarter closes.
Does Clarity represent landlords in any of these buildings?
No. Clarity represents tenants only, in every market, so the read on each submarket is never shaped by a landlord relationship.
Jake Payne
Partner, Clarity Tenant Representation. Jake specializes in representing local tenants across the D.C. region.