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D.C. Says Its Commercial Properties Lost Another $1.5B In Value, But ‘This Is Certainly Not The Bottom’ | Bisnow

February 06, 2024
  • D.C. Policy Center

On February 5, 2024, D.C. Policy Center Executive Director Yesim Sayin was quoted by Bisnow:

“The picture for commercial property is very disconcerting,” D.C. Policy Center Executive Director Yesim Sayin told Bisnow in an email. “This is certainly not the bottom.” 

“Things have deteriorated since [2021],” Sayin wrote. “There has been an uptick in sales of distressed office buildings with asset devaluations around 35 to 40 percent. While not all properties are under distress, this type of adjustment would be very painful from an economic and revenue perspective.”

Read more: D.C. Says Its Commercial Properties Lost Another $1.5B In Value, But ‘This Is Certainly Not The Bottom’

Related materials: Where do we go from here?

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D.C. Policy Center


Established in 2016, the D.C. Policy Center is a non-partisan research and policy organization committed to advancing policies for a strong and vibrant economy in the District of Columbia. Through rigorous research and collaboration, the D.C. Policy Center develops and tests policy ideas, disseminates its findings, and engages in constructive dialogue and debate.

For more information, please see our About page.

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