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The beltway has a vacancy rate of 17.1%, within the city it's 12.3%. Not that different, especially when you consider that DC has an artificially low vacancy r
by hodwik 11y ago
The beltway has a vacancy rate of 17.1%, within the city it's 12.3%. Not that different, especially when you consider that DC has an artificially low vacancy rate due to height restrictions.
And anyway, Montgomery County, MD, is an unusual case. There was a lot of speculative building going on there due to rumors that the city of DC was going to put in a subway line through the country (going back to 2003). That dream has evaporated, with current estimates putting the project out to 2030 and later, so you have a lot of speculators left holding the bag.
- jonknee 11y agoI would call a 40% difference in vacancy quite significant.
- hodwik 11y ago40% of a small number is still a small number. Lightening strikes 100% more men than women.
- TheCoelacanth 11y ago17% is not a small vacancy rate. It's a fairly high vacancy rate.
- hodwik 11y agoI don't know where you are, but in the US that's just about average --http://m.nreionline.com/office/once-again-office-vacancy-rate-doesn-t-budge http://m.nreionline.com/office/once-again-office-vacancy-rat...