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Family Office Briefing on research bySavills·Jul 28, 2023

Northern Virginia 2023 Q2 Market Report

Northern Virginia office leasing activity decreased to 1.9 million square feet in Q2 2023 — family offices should consider co-GP opportunities with strong operators in a tenant-favorable market.

Virginia2023

Key Metrics

MetricValue
Quarterly Leasing Activity1.9msf
Availability Rate25.8%
Class A Asking Rental Rate36.67$/sf

Metrics extracted from the source report and independently fact-checked. Method →

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