Washington, DC Office Report	CMRC Consensus
Total Office Inventory:	107,015,765 SF
New Deliveries and Completed Renovations:	2,380,854 SF
Net Absorption:	1,916,158 SF
Vacancy Rate (Excluding Sublet)	6.0%
Vacancy Rate (With Sublet)	7.1%
Class "A" Average "Asking Rate" PSF Full Service	$43.92 PSF
Class "B" Average "Asking Rate" PSF Full Service	$35.94 PSF

Total Office Space Available:	7,563,965 SF
Direct (New & Relet):	7,418,688 SF
Sublet:	1,145,277 SF
Total Office Space Under Construction/Renovation:	7,799,246 SF
Total Available Office Space Under Construction/Renovation:	3,215,141 SF
Percentage Under Construction/Renovation Pre-Leased:	58.8%

Under Construction (u/c) and Under Renovation (u/r)  Listing Buildings by address:
New Jersey Avenue Avenue, SE @ M Street, SE (Southeast Federal Center)	1,350,000 SF
100 F Street, NE (Station Place - Phase I)	650,000 SF
500 12th Street, SW (Potomac Center North)	520,000 SF
1201 Maryland Avenue, SW (The Portals Phase III)	506,608 SF
131 M Street, NE (One NoMa Station)	408,400 SF
1101 New York Avenue, NW	393,568 SF
1700 K Street, NW	390,000 SF
25 Massachusetts Avenue, NW (Republic Square)	384,427 SF
600 2nd Street, NE (Station Place - Phase II)	357,000 SF
Pennsylvania Avenue, NW @ 6th Street, NW (Newseum)*	349,000 SF
1875 Pennsylvania Avenue, NW	286,000 SF
950 F Street, NW (The Atlantic Building)	282,034 SF
395 E Street, SW (One Patriot Plaza)	280,000 SF
875 15th Street, NW (Bowen Building)	232,765 SF
620 F Street, NW (Shakespeare Building)	220,000 SF
1601 K Street, NW	215,000 SF
600 Maryland Avenue, NW (Expansion)	210,000 SF
2900 K Street, NW (Harbourside)	172,556 SF
1717 Rhode Island Avenue, NW	156,250 SF
701 8th Street, NW (The Portrait Building)	133,610 SF
3301 14th Street, NW( Tivoli Square)	106,000 SF
1121 14th Street, NW	84,000 SF
1430 K Street, NW	74,028 SF
401 Florida Avenue, NW	38,000 SF
Total Square Footage Under Construction & Renovation	7,799,246 SF

2004 Buildings Taken Out of Inventory  Listing Buildings by address:
1710 H Street, NW	163,000 SF
1815 Pennsylvania Avenue, NW	102,860 SF
1819 Pennsylvania Avenue, NW	106,912 SF
815 15th Street, NW	138,000 SF
1414 22nd Street, NW	55,600 SF
Total Square Footage Taken Out of Inventory	566,372 SF

New Deliveries and Completed Renovations Listing Buildings by Address
901 New York Avenue, NW	537,150 SF
1025 F Street, NW (Woodward & Lorthrop)	498,920 SF
900 7th Street, NW	350,155 SF
1100 13th Street, NW	269,447 SF
616 H Street, NW (Gallery Place)	210,000 SF
2020 K Street, NW (Expansion)	102,147 SF
500 New Jersey Ave, NW	92,469 SF
Total Square Footage New Deliveries & Completed Renovations:	2,060,288 SF

Top Ten Largest Non-Renewal Lease Transactions:
Tenant	Address	Square Feet
Ernst & Young	1101 New York Ave, NW	131,658 SF
GSA - Coast Guard	1900 Half Street, SW	129,115 SF
International Brotherhood of Electrical Workers	900 7th Street, NW	127,087 SF
White & Case	701 13th Street, NW	117,129 SF
GSA - Architect of the Capitol	499 South Capitol Street, SW	110,000 SF
GSA - Homeland Security	111 Massachusetts Avenue, NW	109,971 SF
Patton Boggs	2445 M Street, NW	109,466 SF
Crowell & Moring	1001 Pennsylvania Avenue, NW	102,146 SF
Weil, Gotshal, & Manges	1300 Eye Street, NW	95,000 SF
Dewey Ballantine	975 F Street, NW	90,000 SF
Top Ten Largest Office Sales Transactions:
Address	Purchaser	Sales Price
1001 Pennsylvania Avenue, NW	TIAA-CREF	$461,300,000
3000-3050 K Street, NW (Washington Harbour)	Prudential Real Estate Investors	$225,000,000
1900 K Street, NW	TIAA-CREF	$216,900,000
701 9th Street, NW	Brookfield Properties Corporation	$167,100,000
1111 Pennsylvania Avenue, NW	Shorenstein Company	$158,000,000
1615 L Street, NW	Beacon Capital Partners, Inc	$123,750,000
51 Louisiana Avenue, NW	The JBG Companies	$123,000,000
2401 E Street, NW	Normandy Real Estate Partners/Westbrook Partners, LLC	$118,000,000
900 7th Street, NW	International Brotherhood of Electrical Workers	$115,500,000
1325 G Street, NW	Broadway Partners	$109,750,000