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WeWork signed eight D.C. leases totaling over 550K SF in the months leading up to its failed IPO attempt, and now it must find companies to fill the spaces.
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The occupiers in the booming logisitcs space are under financial pressure
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Companies are jumping to nicer buildings in the talent war.
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Don't miss any deals.
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Michael Bloomberg's campaign spent over $900K with Knotel in Q4, and several other candidates including Biden, Buttigieg and Sanders used flexible offices.
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Office landlords and brokers see D.C.'s growing technology sector as another anchor that will make the market resilient through a recession.
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Office experts predict a drop in demand and rising vacancy in the near-term, but they do see reasons for optimism for the D.C. market.
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As WeWork focuses on filling up its new D.C. office spaces, the coworking giant does not appear to be on the market for additional leases.
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Mintz, Levin signed a deal to relocate from Market Square to 555 12th St. NW, where it will occupy 57K SF.
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This year 70 brand residences are expected to be completed, a record in the sector.
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