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Tenants continue to hold upper hand in office space market

Real estate experts say landlords are willing to dole out generous concession packages to lure associations into their buildings

Aug. 21, 2015
By Walt Williams

Fulcher
Fulcher
Saffer
Saffer

Rents may be high in Washington, D.C., but associations weighing real estate options still have the upper hand when negotiating with landlords, according to experts.

Real estate services firm Savills Studley reported that associations and nonprofits leased nearly 1.1 million square feet of office space in the District during the first six months of 2015—more than any other six-month period since 2011.