For D.C., it was a year of blows to the gut: punch after punch threatening to knock the city to the ground. In 2024, the District nearly lost two of its professional sports teams. Large downtown office buildings were foreclosed on in waves. The federal workforce failed to fully return to the office, and housing providers contended with historic rent delinquencies. There were some losses: CoStar traded its downtown home for Northern Virginia, and the deal for a new 1.2M SF headquarters for the Securities and Exchange Commission was scrapped. But in a year of so many threats to its vibrancy and economic well-being, the city was often able to rally. It won back its sports teams, along with a $800M arena renovation. Office-to-residential conversions gained momentum to help address the issues of office vacancy and downtown activity. And Fannie Mae decided to stay and continue anchoring one of downtown's most prominent developments. Here is a roundup of the stories that defined D.C.’s commercial real estate landscape in 2024. Office Foreclosures 
If there were one place in the District that came to define the office environment this year it was a single, few hundred square foot suite near the Maryland border: the home of Alex Cooper Auctioneers.Massive office building after office building moved through the auction house,… Read the full story here. | 
