washington Office Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from CBRE, Savills, Cushman & Wakefield, Cresa
Quarterly office market indicators for washington, aggregated by CREhunt from CBRE, Savills, Cushman & Wakefield, Cresa. As of Q1 2026, vacancy was 22.6%, per CBRE.
Projected current office pricing — washington
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for washington 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 Q4 2025 multiple brokerages asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent trend-adjusted to today). Assumes ~81% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 CBRE | — | 22.6% | — | — | CBRE |
| Q4 2025 Savills | — | — | 1.9M SF | — | Savills |
| Q4 2025 Cushman & Wakefield | $55.04/SF/yr | 22.8% | -1.2M SF | — | Cushman & Wakefield |
| Q2 2025 Savills | — | — | 1.8M SF | — | Savills |
| Q2 2025 Cresa | $60.03/SF/yr | 20.9% | -1.0M SF | — | Cresa |
| 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 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 | $80.36/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Capitol Hill / NoMa | $52.02/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Capitol Riverfront | $57.51/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| CBD | $59.18/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| East End | $61.66/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Georgetown | $54.93/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| NOMA | $52.08/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southwest | $50.89/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Uptown | $44.51/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| West End | $54.88/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| West End / Georgetown | $49.63/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
Frequently asked questions
- What is the average asking rent for office space in washington?
- CREhunt aggregates office asking-rent data for washington from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the office vacancy rate in washington?
- The office vacancy rate in washington was 22.6% as of Q1 2026 (CBRE).
- Where does CREhunt's washington market data come from?
- This report aggregates quarterly office market data for washington from CBRE, Savills, Cushman & Wakefield, Cresa.