GEORGETOWN OFFICE MARKET

From trophy buildings overlooking the Potomac River, to boutique, creative spaces in historic industrial buildings, Georgetown has office space to suit every type of business—and every type of worker. Amenities abound in every direction, making Georgetown an iconic live-work-play location in the heart of Washington, D.C.

HIGHEST PERFORMING SUBMARKET: Georgetown continues to outperform all other submarkets in the region, with an overall office vacancy rate of six percent.  With average rental rates 16 percent lower than the CBD, Georgetown offers tremendous value to a wide range of businesses.

DIVERSE TENANT MIX:  Georgetown is home to a diverse mix of office tenants including numerous technology companies, law firms, architecture and design frms, public relations firms, nonprofits, and associations. When companies locate in Georgetown, they fall in love with the neighborhood, and when they relocate, they often move within Georgetown.

AMENITIES FOR EMPLOYEES AND CLIENTS ABOUND: 

100+ restaurants and quick service eateries
300+ shops and boutiques for fashionart and home, and everything in between
50+ salons, spas, gyms, and yoga studios
700+ hotel rooms, including The Four Seasons, The Ritz Carlton, and Rosewood Washington, D.C.
Unparalleled access to natural beauty for a midday break, including the 10 acre Georgetown Waterfront Park and 1.3 miles of trail along the historic C&O Canal

CONVENIENT, MULTI-MODAL ACCESS:

9 metro bus routes
2 Circulator lines (Rosslyn-Dupont, Georgetown-Union Station)
3 major bike routes/facilities (Capital Crescent, Rock Creek, M Street cycletrack)
6 Capital Bikeshare stations
Shuttles to Foggy Bottom/GWU Metro station
Convenient drives to regional transportation and employment centers

Destination

Midday Drive Time

Ronald Reagan Washington National Airport

15 minutes

Dulles International Airport

35 minutes

Pentagon

10 minutes

Crystal City

15 minutes

Capitol Hill

15 minutes

Tysons Corner

25 minutes

I-270

25 minutes

 

Notable Georgetown Office Tenants

Technology Firms
Palantir
EverFi
Eastbanc Technologies
BAO Systems
Framebridge
Rally Health
Radius Networks

Architecture and Design Firms
HOK Architects
Shalom Baranes Associates, PC
Hickok Cole Architects
EYP Architecture & Engineering
Bowie Gridley Architects
Core Architecture + Design
Hartman-Cox Architects
Barnes Vanze 
LSM
Beyer Blinder Belle
cox graae + spack
Cunningham Quill Architects

Law Firms
Kelley Drye & Warren LLP
Foley & Lardner LLP
Van Ness Feldman
Garvey Schubert Barer
Sedgwick LLP
GKG Law PC
Cohen Mohr LLP

Business and Professional Services
GMMB
TAA PR
Moki Media
Trammel Crow Services
Orchard Global Capital
Volvo Group North America
Orr Associates, Inc.
COmpass Point Research & Trading
The Bernstein Companies
RB Properties, Inc.

Nonprofits and Associations
National Confectioner's Association
American Institutes for Research
Legal Services Corporation
US News & World Report
International Law Institute
National Housing Trust

Government and International Affairs
Royal Thai Embassy
Embassy of Ukraine to the United States
Embassy of the Bolivarian Republic of Venezuela
Embassy of Sweden
Embassy of Iceland
Embassy of the Principality of Liechtenstein
Embassy of Mongolia
African Union Mission

Georgetown Office Market - Key Metrics and Performance

Total Buildings: 132

Total Inventory: 3,416,363 SF

Occupancy: 94.7% (Q1 2017)

Average Rent PSF: $48.38 (Q1 2017)