Commercial Property:

The city of Washington DC continues to grow by leaps and bounds and generates options for large and small business to explore. Commercial office space abounds in the area in a variety of locations, including the city centers as well as the greater metropolitan areas. The price of office space in the area rivals many other large cities, and is on par with industry standards. A recent survey of commercial property vacancies yielded rates as low as $250 - $300 a month for small office space in prime locations. The area also has some larger options to look at, including several large-scale spaces at around $1 a square foot for 1,000 square feet and beyond. It’s interesting to note, that the prices also fluctuate in terms of buying commercial real estate throughout the entire DC area and surrounding states. We work in these local areas: Ashburn, Capitol Hill, Downtown, Dupont Circle, Fairfax, Forestville, Foggy bottom, Great Fall, Gaithersburg, Georgetown, Herndon, Metro Centre, Old Town, Rockville, Sterling, Union Station. We also have commercial properties for lease in Richmond, Baltimore, and Boston.

Office Amenities:

If you have 1, 10, 25 or 5o employees- it is a risk renting a commercial property in Washington DC. We put together a list of amenities that most commercial office buildings offer. Reception Services, Phone Answering, Admin / Secretarial Support, Postal services, Office Facilities, Furnished Options, Board Rooms and 24 Hour Access are just some of the extras that companies find useful. If you need help figuring out how to measure your office space to determine your floor plan we can help. The capital city of the United States was founded in 1790 and is Washington DC. Located on the northern bank of the Potomac River and is bordered by the states of Virginia and Maryland. The area has an estimated population of 599,657 at the city center and a greater metropolitan area of around 5.3 million residents. The area’s population rises by one million during the workweek, with many commuters coming to the area for work. The city has the 9th largest metropolitan area in the United States and continues to grow by leaps and bounds. Since the United States constitution was drafted the U.S. has had a longstanding, permanent capital.

DC Companies / Jobs:

The greater Washington DC area is home to a diverse economy, which relies heavily on government and much more. Some of the bigger industries in the area include law firms, lobbying firms, trade unions, industry trade groups, service, health care and much more. The large companies in the area include, APCO Worldwide, Arbitron, Avascent Group, BASE Productions, ESL Music, National Geographic Channel, Federal News Service, and so much more. With so many different vocation options, it’s interesting to note the jobless rates in the area have fluctuated on par with much of the national picture. The unemployment rate recently took a small slide, and has been around 11%, which is higher than the national average.
The climate in the Washington DC area is classified as humid subtropical and has four different seasons with several major changes. The climate is on par with much of the Mid-Atlantic region of the United States. On average the winters are cold, and the summers are hot with high humidity. The area receives up to 14 inches of snowfall annually, and spring and summer usher in many warm and clear days.

DC Housing / Politics:

The real estate market in Washington DC fluctuates wildly, and is interesting to note. The area is not immune to the national changes, and has been down in rent months. Even though the area has seen a decline, the city has an optimistic future. The median home price of Washington DC hovers around $322,910 and shows a forecast of around 7% gain in 2-5 years. Only time will tell whether or not the area will see an increase in home values and prices, but in the meantime the overall down economy has really hurt the Washington DC commercial property rental rates. The mayor of the city of Washington DC is Adrian M. Fenty and is the youngest person to hold office. He began serving the community in 2007. He is a democrat and has a long history of political and community action. He is a graduate of Howard University School of Law and has shown conservative values in contrast to his Democratic Party affiliations.