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office space Washington DC

Your Washington DC office space guide by Search Office Space

Washington DC Office Space

Our nation's capital city, Washington D.C., is home to nearly 600,000 residents. The greater metropolitan area boasts 5.3 million individuals, making the area the ninth largest in the United States. Comprised of portions of Virginia and Maryland, the area was officially founded on July 16, 1790. The Potamac River flows along a portion of the District of Columbia through a popular neighborhood called Georgetown.

Visitors to Washington D.C. embark upon a historical journey of our nation's humble beginnings. The nation displays monuments, museums, artifacts, and other relics to record the events that created the United States of America. Six such monuments, memorials, or buildings were featured in the American Institute of Architects' Top Ten Favorite American Architecture rankings. Among those featured were the United States Capital, the Lincoln Memorial, the White House, the Washington National Cathedral, the Thomas Jefferson Memorial and the Vietnam Veterans Memorial.

Prince George's County is part of the Baltimore-Washington metropolitan area. This county is recognized as one of the wealthiest in the nation. This county is one of the forty-eight counties to receive Standard and Poor's AAA rating which indicates the financial stability of the area. Revenue from this area contributes to the Washington D.C.'s economic status.

Washington D.C. is progressing economically. The District of Columbia was one of the first in the nation to rebound from the real estate housing market. Because over twenty percent of the individuals in Washington D.C. are employed by government agencies, the area has sustained economic stability. However, as unemployment rises across the nation, even Washington D.C. is not immune. Commercial real estate vacancies are expected to reach over 17 percent by 2011. Office space rents will decline by 7.2 percent. Because of rent decline, business owners can lease an office space for a reasonable price. As the job market improves near the end of 2010, the office market industry may rebound at the end of 2011.

Companies, such as Hilton and Northrup Grumman are relocating their offices to Washington D.C area to sustain growth in the area. NASA and Freddie Mac also call Washington, D.C. home. Companies of this stature will increase revenue and create an ideal location for business owners to establish a business. In 2008, Washington D.C. was in the highest percentile in terms of economic growth, producing over 98 billion dollars in revenue for the state.

Companies will provide tours of the commercial office space Washington D.C. business owners? desire. Barrister and Regus are a few companies that offer executive suites Washington D.C. business owners seek to acquire. The perfect time to lease premium shared office space in Washington D.C. is now. Washington D.C. offices are reasonably priced starting at $200 per month.

If Washington D.C. is a perfect location to set up your business, surrounding areas such as Capitol Hill and Pennsylvania Avenue could be alternative ideal places to locate your company.