Hilary Goldfarb, a senior managing director at Rockefeller Development, expresses confidence in the demand for the 400,000-square-foot office project at 600 Fifth St., stating, "This is not hope as a strategy... It's based on real data and real activity." This sentiment reflects a broader trend where high-end office spaces, despite the overall downturn in the market, are attracting interest with pre-leases showcasing demand.
Despite a record high vacancy in Washington, DC, the office space market is evolving, as Goldfarb highlights the project’s pre-leased half to the law firm Crowell & Morning, asserting her faith in future occupancy. This exemplifies a shift where high-end developments are recognized for their value amidst a constricted construction environment.
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