DC Office Market Faces Steep Election-Year Drop-Off

Law360, New York (August 20, 2012, 7:50 PM EDT) -- As election-year uncertainties and budget cuts result in mounting vacancies for Washington's office market, property investors are retrenching themselves for the long term, while corporations renegotiate their leases, experts say.

With its umbilical tie to the federal government, D.C.'s real estate cycle hits a lull every election year, as both the public and private sectors halt property deals until the political winds shake out. But with a particularly acrimonious battle of partisan wills playing out this term and billions in budget cuts on the table, a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.