Washington, D.C. Investment Sales Activity Up nearly 300 percent

Second quarter 2010 sales activity in the Washington DC region grew 295 percent over the first quarter, according to LoopNet, with investors spending more than $1.35 billion for area assets from April to June. In the first quarter, LoopNet quantified less than $344 million invested into local assets.

This second quarter increase squared up the 12 months ended June 2010 with the previous 12 months. Commercial property sales in Washington DC were about $2.7 billion for the four quarters between Q3 2009 and Q2 2010, almost the exact same as they were the twelve months lagging June 2009. Read more of this post