Washington D.C. officially known as the District of Columbia was founded on 16th July 1790. The city of Washington was a separate municipality within the region of Columbia until an act was passed by Congress in 1871. The city is situated on the northern bank of the Potomac River and is guarded by Virginia on the southwest and Maryland on the other side. The US Census Bureau in 2009 estimated the district’s population as 599,657.
Washington D.C. is a great place to start your business but first any future tenant must find Washington DC executive office suites in an area that best suits the company. The topmost areas for conducting business and getting executive office suites are Downtown, Capitol Hill and Georgetown. One can find attractive office buildings in these areas and should find availability for Washington DC executive office suites. The rental charges are applicable per month and rental rates range from $500 to $9000 depending on floor plan and lease agreement. Baltimore, Chicago, Charlotte, New York, and Atlanta, are just some of the other east coast cities that we service for office space rentals.
Many office buildings have 24/7 security, 24 hour access and car parking facilities. Tenants may also negotiate with landlords to get a fully furnished executive office suite. Other attractive amenities that may be available are cat 5 cabling, workout facilities, cyber café, showers, videoconferencing, AV equipment, meeting rooms, conference suites, ISDN, broadband services, telephone answering, secretarial services, air conditioning and IT support. Many of these Washington DC executive office suites are located in an area close to the finest restaurants, movie theaters, banking and other such services. We offer a free service and have listings in the following areas near Washington DC: Ashburn, Capitol Hill, Downtown, Dupont Circle, Fairfax, Forestville and Foggy Bottom.
District of Columbia has a broad economy with the increase in the professional and business service jobs. The GSP of the District in 2008 was $97.2 billion and ranks 35th among all the 50 states of USA. The federal government was responsible for about 27% of the jobs in the state in 2008. Though from January 2007, the federal workforce in the District comprised of just 14% of the whole government workforce. Washington D.C. is the home to trade unions, law firms, professional associations, lobbying firms, NGOs, independent contractors and industry trade groups. To read more about local real estate markets check out our office space articles.
The Unemployment rate of Washington D.C. according to the data of November 2008 was 4.4% and has climbed somewhat higher since. At the time, this was the lowest rate of unemployment in the whole country. The district has growing capitalist industries in the field of finance, education, scientific research, public policy, Howard University, George Washington University, Washington Hospital Center, Georgetown University and Fannie Mae. There are 5 Fortune 1000 companies and 2 Fortune 500 companies. The city is the leader in foreign real estate investments according to the data of 2009.
The per capita rate recorded in 2006 had the personal income as $55,755 which was higher than any of the 50 US states. But even then 19% of the residents were below the poverty line in 2005.
The murder rate in the city had declined to 143 by 2009 and there was a decrease in the violent crime rates to nearly 47%. Similar to the other large metropolitan cities the crime rates are high especially in the cases of illegal drugs and gangs.
The sales tax rates of Washington D.C. are 6%. A 9% tax is imposed on liquor sold for outside consumption. There is tax imposed on the tangible personal property and selected services.