Washington, DC Commercial Real Estate


 Featured Stories

31 October 14
CBRE Represents Dweck Properties, LTD. in Lease Renewal of Latham & Watkins Global law firm Latham & Watkins, LLP has signed a 15-year lease renewal for 238,000 square feet at Lincoln Square, 555 11th Street NW, a Trophy asset spanning the length of the entire block between E and F Streets, in the heart of Washington’s East End. CBRE’s Randy Harrell and Scott Frankel represented Dweck Properties, Ltd. in the transaction.
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20 October 14
CBRE Releases 8th Annual Nonprofit Benchmarking Survey Nonprofits are adopting new approaches toward more efficient operations, including tightened square-footage-per-person metrics and wider conversations around workplace solutions, according to the eighth annual Nonprofit Real Estate Benchmarking Survey released by the CBRE Nonprofit Practice Group. The survey included responses from organizations spanning 26 states plus the District of Columbia. Washington, DC joined New York City and Chicago for the highest numbers of responses, which reveal insight into how nonprofits utilize and manage real estate, evaluate occupancy issues, and plan for the future.
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02 October 14
CBRE Unveils New, Leading-Edge Workplace in Baltimore CBRE unveiled today its newest “Workplace360” office in Baltimore. Part of the company’s high-profile, global workplace strategy initiative, the new office is 100% free address with no assigned desks and a mobile environment nearly 100% paperless. The office features a balance of private and collaborative workspaces designed to support the way employees work today and will work in the future through enhanced flexibility, mobility, technology and productivity. It is one of almost two dozen CBRE offices globally that have transitioned to this new way of working.
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07 October 14
Third-Quarter DC Office Markets Restrained by Lagging Office Employment and Heightened Focus on Workplace Efficiencies Suppressed by anemic growth in office-using employment and greater emphasis on workplace efficiencies, net demand in the greater DC regional office market remained tepid in the third-quarter, according to research reports released by CBRE Group. The reports also indicate tenant-favorable market conditions, as landlords seek to stabilize assets by renewing leases several years in advance of their expiration dates and offer tenants enhanced concession packages.
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06 October 14
CBRE Represents Edge Funds and Brookfield in lease Renewal of Global Law Firm Global law firm O’Melveny & Myers, LLP has signed a lease renewal for 101,032 square feet at 1625 Eye Street, NW in Washington, D.C that enabled the firm to secure contiguous space on the top of floors of the trophy building through 2028. Scott Frankel along with Joe Coleman, Mark Klug and DJ Callahan of CBRE negotiated the renewal on behalf of the owners, Edge Funds and Brookfield.
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 Office Description

The Washington, DC office of CBRE is one of the country's most active market areas. More than 75 professionals provide a complete spectrum of commercial real estate brokerage services including owner and tenant leasing, acquisition and sales, marketing and consulting to owners, investors and occupiers of all property types.
The Washington, DC competitive office market is comprised of 121.4 million square feet in almost 700 properties in nine submarkets throughout the District of Columbia. The core downtown markets of the CBD and East End hold the majority of office product with 38.2 million square feet and 42.4 million square feet, respectively. Capitol Hill consists of 4.8 million square feet, while Southwest has more than 12.0 million square feet. Uptown and Georgetown, the most western and northern submarkets, have a combined 9.8 million square feet. Since 2005, two new submarkets, NOMA and Capitol Riverfront, were formed, and they currently are comprised of more than 12.0 million square feet. In total, the District of Columbia accounts for over 32% of the Washington, DC Metro Region’s competitive office real estate market.
Please visit CBRE's Washington, DC Area page.