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.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).     The building’s amenities include:Full service fitness facilityValet serviceAmple on-site parking (highest ratios of parking for a trophy building in downtown Washington)Concierge24-hour security personnelTwo rooftop tower meeting and conference facilities with adjoining terraces overlooking Washington’s skylineThe 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.One Franklin Square’s tenancy includes PricewaterhouseCoopers, SNR Denton, Reed Smith, and Xerox Corporation.

Northeast Washington

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: May 21, 2017

Northeast Washington Rates

On average, listings lease in the $30's per square foot per year. The Northeast Washington region is seeing a a rise in rates. In the last 3 months, the median rate increased $18 per sqft per year. That's a 81% rise in rent.

Northeast Washington Listing Supply

In the last 90 days, 3 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this area are around 6 floors. Most buildings in this area were built in 1965 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 market. 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.

Market Report

Trends and status of the commercial real estate market in Northeast Washington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northeast Washington.