Capital Insights: September 21, 2026

The U.S. government added more than 1,400 local jobs between May and July, according to the REVIVE Index, a monthly composite of more than 1,000 local economic data points sourced by CBRE.

“The most important thing, without a doubt, is that the data shows the federal government employment in the region is growing again,” Ian Anderson, CBRE’s senior director of research and analysis, told me.

Greater Washington employers have added 22,000 jobs since February, a metric that has helped the REVIVE index grow for seven of the past eight months.

The Boston-based real estate investment trust has two office projects confirmed, both pre-leased to law firms, at 725 12th St. NW and 2100 M St. NW, and at least two more potential deals in the hopper.

“We have clients coming to us asking us to build them a building and then we don’t even have to commit any capital to the project until we know we have a signed lease,” Thomas said. “That’s extraordinary.”

McDermott Will & Schulte and Cooley LLP have largely pre-leased 725 12th, which BXP acquired for $34 million in January 2025 and is now demolishing. Sidley Austin LLP has taken 240,000 square feet, or roughly 75%, of the planned trophy office at 2100 M, which BXP bought for $55 million in December.

The Washington Commanders on Wednesday unveiled interior renderings showing a wraparound seating bowl for the planned 70,000-seat domed stadium at the RFK campus, which the team said allows for maximal noise and clear sight lines.

“Every aspect of the design is intended to amplify the energy and intensity of the crowd, create an immersive shared viewing experience, and bring fans closer to the action,” Commanders President Mark Clouse said in a statement. “Through innovative technology and acoustics designed to maximize crowd energy, the stadium will deliver one of the loudest environments in sports while reflecting the character and pride of the District.”

The team last month tapped McLean’s Clark Construction Group, Minneapolis-based Mortenson Co. and D.C.-based Smoot Construction Co. to build the stadium, expected to begin next spring and wrap by 2030.

Rendering of the wraparound seating bowl inside the Washington Commanders planned domed stadium at the RFK campus
Rendering of a pregame ceremony inside the Washington Commanders planned domed stadium at the RFK campus
Field-level rendering of the Washington Commanders planned domed stadium at the RFK campus

D.C. Mayor Muriel Bowser said Thursday that she plans to introduce legislation this fall to provide city funding for a renovation of Nationals Park.

In a letter to D.C. Council Chairman Phil Mendelson, Bowser said the “forward-looking improvements will transform the stadium into a vibrant, state-of-the-art venue that competes with newer facilities.”

“With the Nationals’ lease going through 2059, the project reflects a long-term commitment to creating an exceptional, modern home for fans and the community for decades to come,” Bowser wrote in her letter Thursday.

D.C. Flight, the region’s new Major League Volleyball team, will play its home matches next year at The Anthem music venue at The Wharf.

“I try not to overuse the words excited and thrilled, but in this particular case, it will be a sports and entertainment experience unlike anything that the D.C. area has seen,” Team President Kate Greenberg told me of the team playing at The Anthem.

“When we designed and built The Anthem, it was to do everything we could possibly do here,” Westmoreland said. “It hasn’t been able to have any of its sports dreams be realized yet. But here it is and for it to be women’s sports is very exciting.”

The prestigious Michelin Guide on Thursday revealed four new restaurants added to its list of D.C. eateries, putting the quartet in line to potentially receive greater honors at the guide’s upcoming Northeast Cities Ceremony to be held Dec. 14 in New York City.

Freshly announced are Rye Bunny, Maison Bar à Vins, Bar del Monte and Elcielo Bistro D.C.

Rye Bunny’s addition to the list might come as little surprise to fans of Jon Sybert and Jill Tyler, the duo behind Tail Up Goat.

The hundreds of billions of dollars the federal government is pumping into defense — combined with new security requirements and contracting efforts — is creating a booming industry for a certain type of real estate in the region: sensitive compartmented information facilities, or SCIFs.

“Everybody’s doing SCIFs, and everybody has a SCIF group now all of a sudden,” Brian Metras, who heads JLL’s secure environments group, told Bisnow. “It didn’t used to be cool. Used to be that law firms were cool. Now all of a sudden, SCIF space is cool.”

The volume of JLL’s SEG projects in the region rose from 907K SF in 2023 to 1.3M SF in 2024 to 1.6M SF in 2025, according to its second-quarter SCIF report.

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