| 2000 Year-End Market Report | |||||
| A Statistical Snapshot of the Greater Washington Area Commercial Real Estate Market in 2000. | |||||
| Maryland Office Report | |||||
| Total Inventory: | 66,000,000 | ||||
| New Deliveries and Completed Renovations: | 2,114,000 | ||||
| Net Absorption: | 2,800,000 | ||||
| Projects Under Construction and Under Renovation: | 3,947,000 | ||||
| Vacancy Rate (Exluding Sublet) | 5.4% | ||||
| Vacancy Rate (With Sublet) | 6.0% | ||||
| Office Space Available: | |||||
| Direct (New & Relet): | 3,600,000 | ||||
| Sublet: | 400,000 | ||||
| Total Office Space Available: | 4,000,000 | ||||
| Space in Projects Under Construction and Under Renovation: | 1,600,000 | ||||
| Under Construction and Under Renovation | |||||
| Montgomery County | |||||
| List Buildings by address: | |||||
| Key West Ave @ Great Seneca
Blvd. Phase 1 Bldg 1, Stiles Track (new) |
134,000 | ||||
| Key West Ave @ Great Seneca
Blvd. Phase 1 Bldg 2, Stiles Track (new) |
75,000 | ||||
| Key West Ave @ Great Seneca
Blvd. Phase 1 Bldg 3, Stiles Track (new) |
74,000 | ||||
| Georgia Ave @ Colesville Road | 600,000 | ||||
| 12530 Parklawn Dr. Twinbrook Metro Center I |
86,000 | ||||
| 8757 Georgia Ave. Silver Spring Plaza |
244,000 | ||||
| 401 N. Washington Street Gateway Tower @ Rockville Center |
235,000 | ||||
| 2600 Tower Oaks Blvd. The Preserve @ Tower Oaks |
178,000 | ||||
| 1101 Wootton Pkwy The Tower Bldg |
264,000 | ||||
| 4416 East-West Hwy Highland Park Phase 2 |
25,000 | ||||
| 9900 Belward Campus Dr. The Belward Bldg |
48,000 | ||||
| 9600 Blackwell Rd Blackwell II |
103,000 | ||||
| 20320 Goldenrod Ln Seneca Meadows Bldg 8 |
101,000 | ||||
| 1 Research Ct. | 112,000 | ||||
| 7501 Wisconsin Ave. Chevy Chase Bank Bldg |
692,000 | ||||
| 3919 National Drive Burtonsville Office Park 4 |
32,000 | ||||
| 2103 Gaither Rd. Park Plaza @ Shady Grove Plaza |
126,000 | ||||
| 610 Professional Drive | 60,000 | ||||
| King Farm Blvd. Three Irvington Centre |
217,000 | ||||
| 11 N. Washington St. | 99,000 | ||||
| 4445 Willard Ave. Chase Tower |
247,000 | ||||
| Frederick County | |||||
| 9093 Ridgefield Dr. Spring Ridge Prof. Park |
39,000 | ||||
| 5295 Westview Dr Bldg 5 |
123,000 | ||||
| Prince George's County | |||||
| 11721 Woodmore Road Woodmore Professional Center |
33,000 | ||||
| Total Square Footage: | 3,947,000 | ||||
| 2000 Buildings Taken Out of Inventory: | |||||
| 1 Research Court | 39,000 | ||||
| New Deliveries and Completed Renovations | |||||
| Montgomery County | |||||
| 400 E. Gude Blvd. Calhoun Place Bldg 1 |
42,000 | ||||
| 7300 Calhoun Place Bldg 2 | 64,000 | ||||
| 7301 Calhoun Place Bldg 3 | 56,000 | ||||
| 5650 Nicholson Ln (renovation) | 48,000 | ||||
| 400 Professional Drive | 129,000 | ||||
| 1201 Clopper Road Bldg D Alexandria Research Center |
120,000 | ||||
| 4416 East-West Hwy Highland Park Phase I |
23,000 | ||||
| 8120 Woodmont Ave.(expansion) | 40,000 | ||||
| 20440 Century Blvd. | 53,000 | ||||
| 20450 Century Blvd. | 53,000 | ||||
| 20358-20386 Goldenrod Ln. Seneca Meadows Bldg 1 | 125,000 | ||||
| Clopper Road Bldg C Alexandria Research Center |
115,000 | ||||
| 7362 Calhoun Place Bldg 4 | 28,000 | ||||
| 7255 Woodmont Ave. Crown Pointe II |
136,000 | ||||
| 702 King Farm Blvd Two Irvington Cntr |
165,000 | ||||
| 9601 Blackwell Rd. Blackwell One |
121,000 | ||||
| 7600 Wisconsin | 197,000 | ||||
| 12211 Plum Orchard Dr. TecHill One |
75,000 | ||||
| 12 South Summit St. | 70,000 | ||||
| Frederick County | |||||
| 1845 Brookfield Court | 28,000 | ||||
| 5285 Westview Drive | 82,000 | ||||
| Prince George's County | |||||
| 9200 Edmonston Rd | 40,000 | ||||
| 14400 Sweitzer Lane | 122,000 | ||||
| 1301 McCormick Dr | 182,000 | ||||
| Total Square Footage: | 2,114,000 | ||||
| Top Ten Largest Non-Renewal Lease Transactions | |||||
| Lessee - Square Footage | Address | ||||
| 1 | Marriott International - 284,000 sf | 9417 Washingtonian Blvd. | |||
| 2 | Manugistics - 208,000 sf | Stiles Tract Phase I | |||
| 3 | Acterna (TTC) - 130,000 sf | Milestone North Business Park | |||
| 4 | Digex Inc. - 122,000 sf | 14400 Sweitzer Lane | |||
| 5 | NIH - 114,000 sf | 10401 Fernwood Rd. | |||
| 6 | Reznick, Fedder and Silverman - 111,000 sf | 7700 Old Georgetown Rd. | |||
| 7 | Orbital Sciences -101,000 sf | 20320 Goldenroad Lane | |||
| 8 | OTG Software 94,000 sf | 2600 Tower Oaks Blvd. | |||
| 9 | Intermedia Communications - 75,500 sf | 7601 Ora Glen Drive | |||
| 10 | Cidera - 75,000 sf | 12211 Plum Orchard Dr. | |||
| Top Ten Largest Office Sales Transactions: | |||||
| Address | Purchaser | Price | |||
| 1 | Twinbrook Metro Center | JBG/JER | $88,500,000 | ||
| 2 | 9801 Washingtonian Blvd. | LaSalle Investment Managament | $59,250,000 | ||
| 3 | 1700 Rockville Pike | L & B Realty Acquisitions, Inc. | $27,130,000 | ||
| 4 | 910 & 930 Clopper Rd. | MGP Real Estate | $23,600,000 | ||
| 5 | 8201 & 8401 Corporate Dr. | Polinger Development Company | $23,400,000 | ||
| 6 | 1300 Quince Orchard Road/20 & 22 Firstfield Rd. | Alexandria Real Estate Equities | $18,500,000 | ||
| 7 | 8737 Colesville Rd. | Atlantic Realty Companies | $14,100,000 | ||
| 8 | 7701 Greenbelt Rd. | Asset Capital Corp. | $13,200,000 | ||
| 9 | 101 Orchard Ridge Dr. | Foulger-Pratt Construction | $12,900,000 | ||
| 10 | 1396-1398 Piccard Dr. | Clewerwall Corporation | $12,575,000 | ||