Office market fundamentals in the District of Columbia (DC) continued to cool in the first quarter of 2020. Though quarterly occupancy gains had been consistently large from mid-2016 to mid-2019, slow leasing has led to slack in the market. Further hampering momentum has been the rapid emergence of COVID-19. The impacts of the pandemic on the region’s economy and real estate markets are uncertain; however, it is anticipated that COVID-19 will cause near-term market deceleration. Given mandated social distancing measures, business closures, and suspensions of large gatherings, business activity will grind to a halt in Q2. Although COVID-19 will likely be the most influential economic event of 2020, this report will focus primarily on the real estate and market activities before the onset of COVID-19.