Real Estate

Office Market⁽¹⁾
Number of Buildings⁽²⁾	1,389
Total Sq. Ft. (RBA)	107,015,765
Vacancy Rate	6.0%
Vacancy Rate with Sublet	7.1%
Average Rental Rate (PSF)⁽²⁾	$41.53/fs
Under Construction/Renovation Sq. Ft.	7,787,046
Pre-Leased	58.7%
Building Sales⁽³⁾	$3.7 billion

Residential Market
Residential Units Sold⁽⁴⁾	9,139
Average Sales Price	$450,430
Median Sales Price	$350,000
Average Time on Market	36 days
Single Family Sales⁽⁵⁾	5,397
Average Sales Price	$474,818
Median Sales Price	$353,070
Condo/Co-op Sales⁽⁵⁾	3,742
Average Sales Price	$327,245
Median Sales Price	$291,600
New Privately Owned Units Authorized⁽⁶⁾	1,936
Apartment Vacancy Rate⁽⁷⁾	3.1%

Retail Market
Taxable Retail Sales⁽⁸⁾	$7.7 billion
No. of Retail Stores⁽⁹⁾	5,478
No. of Food Service Establishments⁽¹⁰⁾	2,155
Restaurant Sales⁽¹⁰⁾	$1.8 billion

Notes:
(1) Greater Washington Commercial Association of Realtors (2004)
(2) CoStar (2005)
(3) Advantis/GVA (2004)
(4) Metropolitan Regional Information Systems (2004)
(5) Greater Capital Area Association of Realtors (2004)
(6) Census (2003)
(7) Delta Associates (2004)
(8) DC Office of Research & Analysis (FY 2003)
(9) InfoUSA (2002)
(10) Restaurant Association of Metropolitan Washington (2003)
(11) Association of Foreign Investors (2004)
(12) Marcus & Millichap (2004)
(13) Urban Land Institute & Pricewaterhouse Coopers (2004)