Washington DC carries with it historical buildings that are perfect for any work space. Depending on the type of business you are in and your specific needs, you have a lot of options when it comes to the office space for lease in Washington DC. In many situations, the buildings with higher ratings often have higher vacancy rates as well and this is very understandable since higher ratings indicate better facilities and amenities. This is confirmed by an article on the Washington Post:
We see that the lower-rated buildings actually have the lower vacancy rates. This is not surprising, given that five-star buildings also tend to be the newest. In NoMa, developers recently added more than 652,000 vacant square feet between the completions of Sentinel Square II and Three Constitution Square. The two developments, built before tenants had been secured, inflated the five-star building vacancy rate to 17 percent, compared to a 4 percent average vacancy rate for three-star buildings in the same area. The central business district and East End areas experienced a slightly less dramatic difference in vacancy.
When looking for an office rental in Washington DC, some other things you should consider aside from the overall rating of the building include:
- The cost per square foot of the rental.
- Which amenities are included.
- Where the space is located.
- How welcoming and inviting the space is for potential customers.
- What type of receptionist area is included.
- If there is a receptionist or other staff members in a central location.
- The age and style of the space compared to the type of business you run.
Therefore, companies or individuals should not always just choose the highest rated building without considering outside factors. Before you sign any contract, make sure that you inspect every nook and cranny of the space you’re getting. With all things considered, there is a perfect office space for you at Metro Offices. Our office space solutions cover every facet that your business will need, as our units are equipped with all the necessities.
(Article Excerpt and Image from “In Three D.C. Neighborhoods, Nicer Buildings Have Higher Vacancy Rates,” Capital Business, April 6, 2014)