Office Spaces for Lease in Washington DC
Office spaces for lease in Washington DC are in hot demand these days. That wasn’t always the case. In the aftermath of the 1968 civil rights riots, an extended period of blight and decline began, including an exodus out of the city. But during the late 1990s, a revitalization surge began, spurred by retail, entertainment, new housing and a thriving office market.
The re-growing the office market can’t be emphasized enough when it comes to the District’s continuing economic boom. Acres of derelict buildings and parking lots have become transformed over time. In many cases historic structures have been restored and converted into either housing or commercial properties. There has also been a continued wave of new construction, leading to contemporary Washington DC buildings with office spaces for lease, thus serving the needs of an expanding workforce.
Offcie Spaces for Lease in Washington DC
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Those in need of places to hang their hats and conduct business have plenty of choices in Washington. Downtown DC itself can be justly be viewed as the epicenter for tall buildings and neatly organized work cubicles. But there are plenty of other places to work from as well, from Capitol Hill and its powerbroker environs to hipster locales like Adams Morgan, Columbia Heights, the U Street Corridor and Shaw. And with the real estate boom that has taken place in recent years, there is also a push out toward areas that are still transitioning in search of affordable office space for lease.
The acceleration of construction reached a crescendo in Washington around 2007 before tapering off just a bit. At issue was the national foreclosure crisis that affected so many areas. Commercial development slowed its pace and then began to pick up once again. Among areas that have recently seen a pronounced wave of activity are NoMa, Southwest DC near the waterfront, Mount Vernon Square and Penn Corner, and Foggy Bottom.
All that said, office spaces for lease can be found in any quadrant of Washington DC, from the energized urban corridors to quiet suburban areas, including those in the vicinity of college campuses and the many foreign embassies. Whether you’re a corporate CEO or an up-and-coming architect, a workspace is necessary. And, a qualified real estate professional can help you locate the best place to hang your hat.
