Chip Akridge: New Administration Will Help Improve D.C.'s 'Dire' Office Market
Chip Akridge has built 20M SF of office in the D.C. area over the last four decades, and he has always started construction on a speculative basis, confident that the building will lease up once the project is under construction. That confidence is now waning, as record-high vacancy in the District makes the founder and chairman of development firm Akridge more hesitant to start new office projects. Bisnow/Jon Banister Akridge founder Chip Akridge "The office market in the D.C. area has really dropped off, so we're not excited about building commercial space in the D.C. a...
Source: bisnow.com