2000 Year-End Market Report
Washington, DC Office Report  
  Total Inventory:                   95,500,000  
New Deliveries and Completed Renovations:                      1,610,000
Net Absorption:                      3,500,000
Projects Under Construction and Under Renovation:                      5,623,000
Vacancy Rate (Excluding Sublet) 2.8%
Vacancy Rate (With Sublet) 3.6%
  Office Space Available:   Square Feet  
Direct (New & Relet):                      2,700,000
Sublet:                         750,000
Total Office Space Available:                      3,450,000
Space in Projects Under Construction and Under Renovation:                      1,900,000
  Under Construction and Under Renovation    
List Buildings by address:   Square Feet
830 1st Street, NE
 215,000
1725 Eye Street, NW
     Farragut Center		 246,000
2099 Pennsylvania Avenue, NW 199,000
1501 K Street, NW
 370,000
1875 K Street, NW 170,000
555 11th Street, NW
 367,000
1399 New York Avenue, NW
 123,000
1201 15th Street, NW
 300,000
1111 Pennsylvania Avenue, NW
 356,000
1201 Eye Street, NW 269,000
1425 K Street, NW
    		214,000
701 9th Street, NW

 349,000
799 9th Street, NW 201,000
300 M Street, SE 281,000
1201 M Street, SE
 185,000
80 M Street, SE
 268,000
101 Constitution Avenue, NW 501,000
601 New Jersey Avenue, NW 257,000
1625 Eye Street, NW 400,000
500 5th Street, NW 352,000
Total Square Footage:                       5,623,000
  New Deliveries and Completed Renovations    
List Buildings by Address:
77 P Street, NE 347,000
1808 Eye Street, NW 33,000
1111 18th Street, NW
 74,000
1919 M Street, NW 275,000
2001 K Street, NW 232,000
750 9th Street, NW
 311,000
1201 F Street, NW 225,000
901 F Street, NW
 113,000
Total Square Footage:                      1,610,000
  Top Ten Largest Non-Renewal  Transactions    
Tenant Address SF
   1 GSA - FEMA 500-550 12th Street, SW 308,900
   2 GSA - Department of Education 830 1st Street, NE 215,000
   3 GSA - Department of Justice 1800 G Street, NW 160,000
   4 GSA - US Mint 799 9th Street, NW 150,000
   5 Teleglobe 131 M Street, NE 126,000
   6 Teleplace 175 R Street, NE 125,000
   7 GSA - Department of Interior 1800 G Street, NW 120,000
   8 Clifford Chance Rogers & Wells 2001 K Street, NW 101,000
   9 Conservation International 1919 M Street, NW 101,000
 10 Marconi 80 M Street, NW 91,000
  Top Ten Largest Office Sales Transactions:  
Address Purchaser Price
   1 1299 Pennsylvania Avenue, NW The Kaempfer Co. / DIV Deutsche $223,600,000
   2 601 E Street, NW AARP $204,000,000
   3 1801 K Street, NW Teachers Ins. & Annuity Association $140,150,000
   4 1900 K Street, NW Hines / CalPERS $133,784,000
   5 1919 Pennsylvania Avenue, NW CarrAmerica $75,163,500
   6 1250 24th Street, NW World Wildlife Fund $63,000,000
   7 425 Eye Street, NW Circle Office Associates Partnership $63,000,000
   8 901 E Street, NW A & A Investment Company $63,000,000
   9 1776 Eye Street, NW USAA Real Estate Company $62,200,000
 10 1310 G Street, NW Gaedeke Landers, LLC $59,648,000