Simplify your commercial real estate research process and get access to industry-standard market insights with our powerful research tool.| www.commercialedge.com
Distress in the office market persists with over $260 billion in office loans maturing and a growing delinquency rate.| CommercialEdge
Demand for office space is down, expenses are up and values have dropped, while maturing loans continue to pressure the sector.| CommercialEdge
The Central Washington Activation Conversion Program (Office-to-Anything Program) is a new program that will further catalyze Downtown recovery in the District. The program would encourage the repositioning of office space into new, activated commercial, entertainment or retail spaces via a 15-year temporary tax freeze. The Activation Program is designed to complement the District’s Housing in Downtown program, and therefore is not available for properties converting to residential use.| dmped.dc.gov