‘Everybody stands to lose’: What empty office space in DC means for the city’s revenue

If offices in downtown D.C. remain empty and current leasing trends continue, the city could lose millions from commercial property tax revenue, according to a new analysis from the D.C. Policy Center.

Demand for office space downtown has dwindled, according to D.C. Policy Center executive director Yesim Sayin, because companies are either not renting spaces or renting less of it. The implications of that, she said, are starting to become clearer, years after the pandemic started.

“Companies are no longer leasing...