Washington D.C. Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, JLL
Quarterly office market indicators for Washington D.C., aggregated by CREhunt from Cushman & Wakefield, JLL. As of Q1 2026, average asking rent was $60.00/SF/yr and vacancy was 21.2%, per JLL.
Projected current office pricing — Washington D.C.
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Washington D.C. office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 multiple brokerages asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent held flat). Assumes ~79% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | — | — | -1K SF | — | Cushman & Wakefield |
| Q1 2026 JLL | $60.00/SF/yr | 21.2% | — | — | JLL |
| Q1 2026 Cushman & Wakefield | — | — | -1K SF | — | Cushman & Wakefield |
| Q2 2025 Cushman & Wakefield | $55.04/SF/yr | 21.8% | -226K SF | — | Cushman & Wakefield |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Washington D.C. office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Capitol Hill / NoMa | $52.09/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Capitol Riverfront | $57.84/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| CBD | $56.52/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| East End | $56.90/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southwest | $48.77/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Uptown | $43.14/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West End / Georgetown | $52.67/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for office space in Washington D.C.?
- As of Q1 2026, the average asking rent for office space in Washington D.C. was $60.00/SF/yr, per JLL.
- What is the office vacancy rate in Washington D.C.?
- The office vacancy rate in Washington D.C. was 21.2% as of Q1 2026 (JLL).
- Where does CREhunt's Washington D.C. market data come from?
- This report aggregates quarterly office market data for Washington D.C. from Cushman & Wakefield, JLL.