Office Suite Pricing:

The city has one of the largest downtown areas and is the third largest downtown complex in the United States. There has been a lot of development in the area, and a large growth rate since the lat 90’s with lots of construction in terms of public transportation and much more. They have recently built a Metrorail, and subway system as well as many other options. There has been a large gentrification and revitalizing of the city. With an increase in development, there has been a large amount of office spaces in the greater area. Office space developments abound in the area, despite the office vacancy rate of around 10%. In a recent survey of vacancies, prices for Washington DC office suites and retail space start around $1.50 a square foot for 1000 square feet. Like many other large cities in the nation, the prices are quite competitive. Executive office suites also abound in the area and start around $500 - $800 a month. With so much focus on white-collar jobs, the area has a great deal office furniture retailers to help furnish office space of all types. We also service local areas like Richmond, Baltimore, Boston, Raleigh, and Charlotte. Some of the smaller metro areas in DC we service are: Ashburn, capitol hill, downtown, Dupont Circle, Fairfax, Forestville, foggy bottom, great fall, Gaithersburg, Georgetown, Herndon, Metro Centre, old town, Rockville, Sterling, union station

Office Suites Leasing:

Whatever your situation is, plan ahead and decide what type of rental agreement you want. For new businesses the best idea is to sign a shorter lease - like say 6-12 months because this will give you flexibility. Of course if you find an amazing deal on a commercial building, or office park that offers free move in, or any other promotion, then you should consider that. If you have an established business you should try to sign a long term rental lease - since you will typically get some discount on your lease. Just do your homework, and when you use officespaceheaven.com you will be working with a professional tenant rep which will make your whole office search easier. To get more information on the local Washington DC office suite market, check out our office space articles.

The city of Washington DC is the capital of the United States and was founded in 1790. The city has a deep history of education, government, sports, and so much more. It is a central hub for culture and business in the northeast area of the United States. The city has a core population of 599,657 and a metropolitan estimated population of around 5.3 million residents.

Economy/Jobs:

The city has a great diverse economy that hinges on professional and business service jobs. The area is also home to a large government presence, offering many people vocations in a variety of different areas. Aside from the government employees, many firms in the area assist with government positions, so it’s all integrated in a certain sense. The area also has grown in many industries such as education, finance, public policy, and scientific research. The area has also been strong during the national downturns of recent years, and in recent times has been ranked as the second best long-term housing markets in the country. The unemployment rate of Washington DC is 10% and has been starting to drop steadily. Despite a large amount of vocations, the jobless rate still hinders many in the area.

Culture / Crime Rates:

The greater Washington DC area has a large amount of sports. Sports and championship performance abounds in the area as many professional teams are in the area. Some of the teams in the area include, the Washington Redskins, The Washington Nationals, The Washington Wizards and the Washington Capitals, all in the area. Many other sports are in the area including Tennis, Running, Soccer, and collegiate athletics that draw a great amount of spectators.
The crime rate in Washington DC has dropped dramatically as of late, and the recent news have stated that the murder rate is down 25% on a ban of guns in the area. While many neighborhoods have some trumped up violent crime, there are a lot of safe areas in the greater metropolitan area.