D.C. commercial real estate’s 2022 outlook

Source: Axios Washington D.C. — 

Commercial real estate hasn’t gotten the same red-hot momentum as residential during the pandemic, but industry experts are optimistic about 2022 overall, specifically the second half of the year.

The big picture: Office buildings are the big point of concern for the commercial real estate industry, while the industrial warehouse and multi-family housing markets are projected to have solid performances this year.

Offices: D.C.’s office vacancy, which was a problem before the pandemic and has since gotten worse, reached a record high of 18.4% at the end of 2021. It’s expected to remain high for the foreseeable future, and may never reach pre-pandemic levels.