Olmstead Building - Office Space Availability

For Lease$63/Sqft/Year

1701 Pennsylvania Avenue NW, Washington, DC 20006

  • Office
  • 18,510 Sqft

Olmstead Building, Washington, DC 20006 - Office Space for rent

Olmstead Building is located at 1701 Pennsylvania Avenue NW in the Downtown Washington neighborhood, DC, Washington, 20006. The Class A Office building was completed in 1962 and features a total of 175,000 Sqft. There is 1 Office space available for lease at 1701 Pennsylvania Avenue NW, Washington, DC, 20006, totaling 18,510 Sqft. The largest space available has 18,510 Sqft and a rental rate of $63/Sqft/Year.

There are 927 office spaces for lease in the Downtown Washington neighborhood, totaling 8,879,593 Sqft of available office space. The office space availability for the 20006 zip code is 3,724,124 Sqft, in 327 office spaces. The average asking office rent per sq. ft. in Downtown Washington is $45.64/sqft/year. For Class A+ office buildings the average office rate is $53.33/sqft/year, for Class A office buildings the average office rate is $53.27/sqft/year, for Class B office buildings the average office rate is $40.02/sqft/year, for Class C office buildings the average office rate is $25.12/sqft/year.

In Downtown Washington, there are 116 class A office buildings. In Downtown Washington, there are a total of 73 LEED certified office buildings. In 1962, the same year Olmstead Building was built, 28 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Washington, featuring 1,611,115 square feet of commercial space. At zip code level, there are 80 commercial properties, of which 80 are office buildings over 50,000 square feet.

Nearby Listings

Nearby Properties

Details

  • Price $63/Sqft/Year
  • City Washington
  • Neighborhood Downtown Washington
  • Zip Code 20006
  • Market Washington DC Suburban Maryland
  • Property Type Office
  • Property Size 175,000 Sqft
  • Parking Ratio 0.67/ 1,000 SF
  • Building Class A
  • Year Built 1962
  • Date Updated 31 Mar, 2020

Availability

Suite Name Space Type Lease Rate Space Available
3 Floor General Office $63/Sqft/Year 18,510 Sqft
  • Suite 3 Floor
  • Space Type General Office
  • Total Space Available 18,510 Sqft
  • Floor From 3 To 3
  • Divisible Space Yes
  • Min Divisible 3,834 Sqft
  • Max Contiguous 18,510 Sqft
  • Lease Rate $63/Sqft/Year
  • Possession Type Immediate
  • Lease Type Full Service
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Michael B. Katcher

Cushman & Wakefield

(202) 739-0360

Mark Richardson

Cushman & Wakefield

(202) 739-0873

John Skolnik

Cushman & Wakefield

(202) 739-0364

Description

This is a 12-story building with concrete pre-cast and an aluminum facade. The lobby has a terrazzo floor with a recessed entrance.

Highlights

  • Fitness Center
  • Valet Parking

Downtown Washington Demographics

The average household income in zip code 20006 is $61,567, from a total of 563 households. In terms of employment, there are 97.13 % white-collar and 2.87 % blue-collar jobs in zip code 20006.

Population

  • Total Population10,893
  • Male Population(48.6 %) 5,289
  • Female Population(51.5 %) 5,605
  • Median Age32.00

Income/Financial

  • Average Household Income$100,896
  • Median Household Income$91,582
  • Median Income Under 25$51,656
  • Median Income 25-44$102,480
  • Median Income 45-64$91,177
  • Median Income Over 65$37,522

BROWSE OTHER PROPERTIES IN DOWNTOWN WASHINGTON

Check out the links below if you're interested in other types of properties for lease or for sale in Downtown Washington:

Leasing Contacts Register now to add listings

Michael B. Katcher

Cushman & Wakefield

(202) 739-0360

Mark Richardson

Cushman & Wakefield

(202) 739-0873

John Skolnik

Cushman & Wakefield

(202) 739-0364