The District of Columbia's (DC) office market exhibited stability in the fourth quarter (Q4) of 2019. Though occupancy was marginally negative in Q4, strong construction activity and large tenant renewals/relocations have been a point of encouragement for landlords. Net absorption was -77,843 SF in Q4, bringing the year-to-date total to 984,360 SF. A robust construction pipeline has supported occupancy growth, which has triggered several large-footprint relocations. New construction deliveries are also a contributing factor to DC's rising vacancy, which increased 150 basis points from year-ago levels to 13.9%.