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Tuesday, December 8, 2009

DC Commercial Real Estate Is Getting a Face-Lift

Over the past few years, we in the commercial real estate industry have seen changes in the type of buildings being constructed. The newly constructed buildings are a far cry from the "box-like" generic look of Federal buildings throughout the city.

With the use of modern-style architecture and designs, developers are incorporating floor-to-ceiling glass windows and new finishes to attract upscale tenants to the DC commercial market. Despite the high inventory of available office buildings, there has been an increase in rental rates in the downtown DC area.