D.C.'s office vacancy rate rose in the first quarter, as new construction became available, according to a quarterly report from CB Richard Ellis.
The vacancy rate rose to just over 10 percent, after falling into single digits at the end of 2010. Class A office space saw tenant gains, offset by tenants leaving Class B properties. CBRE said.
On the sales side, $1.5 billion in commercial real estate transactions during the first quarter was equal to almost half of total sales in 2010.