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Developers Celebrate Topping Out of 600 Fifth Street NW

Developers Celebrate Topping Out of 600 Fifth Street NW
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D.C. Investment Sales Market Heating Up, Expected To Catch Fire Later This Year

Courtesy of ASB Real Estate Investments
The office building at 64 New York Ave. NE.
A handful of big deals closed in April, several buildings have come onto the market, and experts believe that D.C.-area investment sales volume will increase significantly in the second half of this year.
The renewed activity in the capital markets comes as more employers are planning to bring employees back to the office this year, giving investors the confidence to place large bets on the office market s future. The bets that have been placed thus far have been on the safest assets those with long-term, stable tenants but experts see investors beginning to take a closer look at assets with vacancy or upcoming lease expirations that create more risk, but also more opportunity to add value. ....

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