At the end of the first quarter, the
vacancy rate in Washington D.C.
declined 30 basis points to reach 10.4 %, well below the national
average of 17.3 %, according to Reis, a New York - based real estate research firm.
Office — Office
vacancy rates are expected to continue
declining, bringing the
vacancy rate below the 20 - year
average, to 13.3 percent in 2015, 12.7 percent in 2016, and 12.3 percent by the end of 2017.