Washington DC Market Remained Strong in October

Washington DC Market Remained Strong in OctoberOffice and apartment vacancy rates in the Washington, DC, area are both lower than national averages, Washington Business Journal reported.

Nationwide, the office vacancy rate for the final quarter of 2012 is 15.7 percent, according to the National Association of Realtors, the Business Journal reported:

The office vacancy rate in the District is 9.4 percent. In both the Virginia and Maryland suburbs it is 14.7 percent. Apartment vacancy rates in the Washington area remain among the lowest in the nation, at 3.5 percent in Northern Virginia and 3.7 percent in the Maryland suburbs.

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Authored By Laura L. Thornton – See the Full Story at Patch.com

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