Aug 18, 2020 Updates

The DC area ranks #1 nationally in tech office leasing for Q2

This article was written by Michelai Graham.

Despite the coronavirus pandemic and continued social distancing orders, it looks like tech companies in the region are keeping their office spaces.

CBRE Group, a real estate services and investment firm, released a report detailing office leasing for technology companies across the nation. The leasing activity data assessed in this report includes direct, sublease and renewal transactions.

In the second quarter of this year, the D.C. region ranked first with 1,445,528 square feet in tech office leasing. CBRE reports that the area’s tech office leasing nearly doubled the volume of San Francisco’s, and tech office leasing in the region grew by 55% compared to 2019’s quarterly average for Q2.