Northeast Washington Office Space

1 Franklin St NE Unit West (Floor 5)
LeDroit Park - Bloomingdale, Washington,
With its striking twin towers, One Franklin Square is prominently situated on historic Franklin Square. The largest building on the park, One Franklin Square is also positioned on one of Washington’s highest elevations providing tenants with sweeping views of the park.<br><br>The building includes two towers, constructed of polished and flame-cut granite, which rise from the base and identify the building from afar. Located on a prominent corner of K Street and 13th, the building is conveniently located near public transportation (within one block of the blue and orange Metro lines, within four blocks of the red Metro line, and on the Circulator route), the White House, Treasury, and K Street (one of the major arteries heading into and out of the District). &nbsp; &nbsp; The building’s amenities include:<br><ul><li>Full service fitness facility</li><li>Valet service</li><li>Ample on-site parking (highest ratios of parking for a trophy building in downtown Washington)</li><li>Concierge</li><li>24-hour security personnel</li><li>Two rooftop tower meeting and conference facilities with adjoining terraces overlooking Washington’s skyline</li></ul><br>The EPA has recognized One Franklin Square for its superior energy efficiency by awarding the building with an Energy Star Label in 2011, making it the tenth consecutive year the building has earned that designation. In 2010, this building was awarded LEED certification at the Gold level by the U.S. Green Building Council.<br><br>One Franklin Square’s tenancy includes PricewaterhouseCoopers, SNR Denton, Reed Smith, and Xerox Corporation.<br>

Northeast Washington

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Northeast Washington Rates

On average, listings lease in the $60's per square foot per year. The Northeast Washington submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.

Northeast Washington Listing Supply

In the last 90 days, 2 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 38,100 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 9 stories. Most buildings in this market were built in 1980 and are Class A.

Northeast Washington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Northeast Washington folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.