Washington DC, the US Capital is bordered by Maryland, Virginia and the Potomac River. It is the seat of government with ornate buildings for The Capitol, The White House, and the Supreme Court. The current full time population is over 700,000 with about 55,000 registered attorneys. The professional and service sectors are prominent here, and the Government accounts for about 40% of all the jobs while tourism is the second largest industry. Overall, the private sector accounts for about 570,000 jobs and the government sector about 240,000. There are about 350 Class A buildings accounting for close to 95,000,000 sq. ft., and about 900 Class B buildings with about 50,000,000 sq. ft. Class C buildings account for the largest count (1,100) but the smallest overall footage (10,500,000 sq. ft.)
With respect to the building inventory, there are height restrictions throughout the district. The 2largest buildings are Constitution Center at 400 7th St. SW (1,410,000 sq. ft.), Southeast Federal Center at 12000 New Jersey Ave. SE (1,350,000 sq. ft.). The Pentagon weighs in at 3,700,000 sq. ft. and holds about 25,000 employees. The courtyard of the building(s) is over 5 acres in area.
Shared commercial office space and coworking are two very big trends in D.C. Portions of this space are temporary units but the majority are full time office users, even if they are not full time residents. Legal office sharing is prevalent here because many firm clients also want to office in DC - and often their law firm will also be willing to provide them with space. Accordingly, the "extra office" market is fairly tight and the coworking footprint has vitality. Professional. Business and financial services account for over 1,150,000 jobs here. There is a total of about 60,000,000 sq. ft. of commercial space here. WeWork coworking is the largest occupier in the city which bodes very well for the shared commercial office space sector focused on the rental of individual offices or groups of offices, incorporating the amenities used by the "host" firm. It is interesting to note that there are over 100 coworking centers in DC at the present time. The flex space market accounts for over 3 million sq. ft. of space in DC - which ranks it as the 8th largest US flex market by total space occupied. A large portion of this market is in the East End submarket (east of 15th Street).
LookingForSpace.com is an advertising venue and promotional tool for individual office sublets in every major metro market in the US. Advertisers can handle the entire process themselves with a monthly subscription - or hold the fees until the space gets rented with our Ad Management Fee option where the fee will never exceed one month's rent.
In Washington DC, brokers as well as tenants and landlords are invited to use our platform to efficiently source new, appropriate subtenants for extra vacant offices. Our commercial listings are segmented by the advertising party's occupation and specialty. This leads to more specific attraction and ultimately provides more appropriate tenant prospects because they know what you do and are applying because the think they will fit in well with your environment.
Of course, when you're looking for space our platform is free to use and all of our advertiser's contact information is visible on the site so you can contact the party that controls the space by phone or email. Our staff, trained in the small office space market (that's all we do) is available to help you on either side of the table - looking and renting or leasing out to others. Our objective is to make good connections that lead to long term, healthy tenancies in a number of service industries. We are compensated by the advertisers and the service is free for those who seek new offices or small office space or team room space under 2,000 sq. ft.