Office Space Washington DC

Executive Suites & Private Office Space for Rent in DC

Offices.net has executive office buildings and shared workspaces with a range of executive suites, virtual offices and temporary office space for rent throughout Washington DC including areas such as Downtown DC, Capitol Hill, Connecticut Avenue, Pennsylvania Avenue, Dupont Circle, Foggy Bottom and other locations in Washington, some just blocks from the White House.

All of these office spaces in Washington are furnished and wired, available for immediate occupation with flexible office rental terms, without the commitments and high overheads of conventional commercial real estate leases. Our well placed office suites are situated in prime Washington DC business locations, often near metro stations for those taking public transit and/or with onsite parking.

Our mission is to help your business find the perfect work environment, arrange a rental agreement that suits you, and get you into your new workspace as quickly and easily as possible. There are a wide range of flexible office types available including shared office space for small companies, collaborative spaces for startups and entrepreneurs, fixed desks and office suites for teams. We can also help you find a conventional office for lease if you prefer. We would be happy to help you navigate the options and find the office that is best for your company.

District of Columbia Office Space Market

Washington DC is the second most active office market in the nation, and as such, it has a diverse occupier base ranging from government agencies to embassies, non-profits, and multinational corporations. With more than 143 million square feet of space, this is also one of the largest office markets in the nation.

The market is divided into nine areas:

• Washington CBD
• Capitol Hill
• Capitol Riverfront
• Georgetown
• East End
• NoMa
• West End
• South West
• Uptown

The largest markets by inventory are the Commercial Business District and East End, with more than 40 million square feet of office space each.

The defining characteristics of the office space in Washington are high activity levels, rising rental rates, tightening Class B market, and a significant development pipeline. As for key market indicators, vacancy rates average 11 percent, and direct asking rates are $55 / sq ft / year. East End and the Central Business District command the highest average rents (above $60 / sq ft / year), but more affordable options are available in Uptown and Southwest Washington. Class B properties are experiencing a surge in prices and can be as high as $50 / sq ft / year in prime downtown DC locations (2017 data).

Market fundamentals are set to keep strong as there is an ongoing construction wave and demand is consistently high. Many of the new office buildings under construction will be delivered by the end of 2019, and until then rental rates are expected to keep rising.

Private Office Space for Rent & Shared Office Spaces in Washington

Many of the office buildings provide receptions, state-of-the-art print and scanning amenities, internet and network wiring, telecommunications set up, and furniture. Additionally, most of the business centers also provide on site IT support, meeting space, 24 hour access, parking garages and other professional services and amenities.

Simply choose one of the offices in Washington DC above. Every office and executive office suite boasts a prime business position in Washington DC, with terms to suit your flex office space needs.

Why Companies Rent Washington DC Office Space

Famous around the world as the home of the White House on Capitol Hill, Washington DC is a bustling metropolis that is home to approximately 700,000 people. The city is known for its wide-ranging cultural and entertainment offering and has recently been topping the lists of best places to live in for young professionals and millennials.

As the nation's capital city and home of its seat of government on Capitol Hill, Washington has a large public sector and nearly 40 percent of all jobs are provided by the federal government. This makes the city's economy vastly resilient to periods of crisis, as employment rates are generally stable given the weight of the public sector. Other top industries in Washington DC are trade, transportation and utilities, education and healthcare, professional and business services, leisure, hospitality, and manufacturing, and overall, the District of Columbia produces the nation's 6th largest GDP and its economy is considered the strongest in the US.

In addition to the federal government, some of Washington DC's largest employers include Deloitte, Verizon, MedStar Health, Lockheed Martin, Capital One, and Comcast. The city has a labor force of over 400,000 people and unemployment rates hover around 6 percent. Jobs in high demand include computer, mathematics, management, healthcare, business, finance, and engineering. These sectors, along with advocacy, media, biotechnology and security technologies are defined as key economic clusters that will add nearly 1 million jobs in the area by 2025.

As a global city, Washington attracts millions of dollars in capital investment and presents a wealth of opportunities for entrepreneurs, especially in business niches like federal contracting, tourism, hospitality, and high-tech. For more information on the support and opportunities available, contact the DC Chamber of Commerce and the Washington DC Economic Partnership.

Contact Offices.net for District of Columbia Offices

Whether you want metro offices, a shared office, desk rental, collaborative startup space or conventional commercial space for lease, Offices.net also boasts a extensive range of available space in many District of Columbia locations. Contact us today, and we will be do everything we can to help you find your ideal Washington DC office space.