Avison Young Completes 75K SF of Leases at 901 K Street NW in DC
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. Washington office has been a leading conversion market in the cycle, with multiple downtown Class B assets entering office-to-residential programs in the last twelve months. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
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On the RET wire
- The 74th Washington story tracked on the wire in October 2026. All Washington coverage →
- Disclosed office deal value tracked in October 2026: $22.9B across 69 reported transactions. All Office coverage →
- 12 stories mentioning Avison Young on the wire in the past 90 days. Avison Young coverage →
Computed from Real Estate Trail’s own tracked coverage
Avison Young announced more than 75,000 square feet of new leasing activity at 901 K Street NW, a recently repositioned trophy office property in Washington, D.C.’s East End. Since acquiring the asset in 2025, S…
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