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621 Commercial Real Estate Listings in Washington, DC

  • Canal Square - Washington
    1054 31st St NW, Georgetown, Washington, DC 20007
    For Lease $30/Sqft/Year
    Property
    • Office
    • B
    • 121,000 Sqft
    Availability
    • 1 Space
    • 2,111 Sqft
  • Georgetown Building - Washington
    2233 Wisconsin Avenue NW, Glover Park, Washington, DC 20007
    For Lease $39/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 6,300 Sqft
  • 1801 L Street NW - Washington
    1801 L Street NW, Downtown Washington, Washington, DC 20036
    For Lease Contact for pricing
    Property
    • Office
    Availability
    • 4 Spaces
    • 63,154 Sqft
  • The Willard Office Building - Washington
    1455 Pennsylvania Avenue NW, Penn Quarter, Washington, DC 20005
    For Lease $78.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 1,687 Sqft
  • 1638 R Street Northwest - Washington
    1638 R Street Northwest, Dupont Circle, Washington, DC 20009
    For Lease $41.2 - $92.43/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 9,692 Sqft
  • Flour Mill Office Bldg - Washington
    1000 Potomac St NW, Georgetown, Washington, DC 20007
    For Lease $53/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 10,296 Sqft
  • The Watergate Office Building & Plaza - Washington
    2600 Virginia Avenue NW, Foggy Bottom, Washington, DC 20037
    For Lease $54 - $58/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 19,366 Sqft
  • Jenifer Building - Washington
    400 7th Street NW, Penn Quarter, Washington, DC 20004
    For Lease $37/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 2,281 Sqft
  • 1100 New York Avenue - Washington
    1100 New York Avenue NW, Penn Quarter, Washington, DC 20005
    For Lease $55/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 7,318 Sqft
  • 1211 Connecticut Avenue NW - Washington
    1211 Connecticut Avenue NW, Dupont Circle, Washington, DC 20036
    For Lease $48 - $53/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 27,793 Sqft
  • 4201 Connecticut Avenue - Washington
    4201 Connecticut Avenue NW, Forest Hills, Washington, DC 20008
    For Lease $43 - $45/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 11,172 Sqft
  • 733 10th Street - Washington
    733 10th Street NW, Penn Quarter, Washington, DC 20001
    For Lease $35 - $45/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 10,034 Sqft
  • Patriots Plaza III - Washington
    355 E Street SW, Southwest Waterfront, Washington, DC 20319
    For Lease $43 - $45/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 12,874 Sqft
  • 1023 15th Street NW - Washington
    1023 15th Street NW, Downtown Washington, Washington, DC 20005
    For Lease $36 - $42/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 11,145 Sqft
  • The Investment Building - Washington
    1501 K Street NW, Downtown Washington, Washington, DC 20005
    For Lease $53 - $56/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 7,063 Sqft
  • The Army Navy Club Building - Washington
    1627 Eye Street NW, Downtown Washington, Washington, DC 20006
    For Lease $59.5 - $66/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 7,637 Sqft
  • 650 Massachusetts Avenue - Washington
    650 Massachusetts Avenue NW, Chinatown, Washington, DC 20001
    For Lease $45/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 29,283 Sqft
  • 1133 Connecticut Avenue - Washington
    1133 Connecticut Avenue NW, Downtown Washington, Washington, DC 20036
    For Lease $52 - $55/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 12,858 Sqft
  • 1330 Connecticut Avenue NW - Washington
    1330 Connecticut Avenue NW, Dupont Circle, Washington, DC 20036
    For Lease $59.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 23,746 Sqft
  • 1899 Pennsylvania Avenue - Washington
    1899 Pennsylvania Avenue NW, Downtown Washington, Washington, DC 20006
    For Lease $74/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 18,285 Sqft
  • The Continental Building - Washington
    1012 14th Street NW, Downtown Washington, Washington, DC 20005
    For Lease $40.5 - $43.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 7,309 Sqft
  • 1441 L Street NW - Washington
    1441 L Street NW, Downtown Washington, Washington, DC 20005
    For Lease $55 - $65/Sqft/Year
    Property
    • Office
    Availability
    • 14 Spaces
    • 158,216 Sqft
  • The Wharf - 800 Maine - Washington
    800 Maine Avenue SW, Waterfront Washington, Washington, DC 20024
    For Lease $46/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 6,000 Sqft
  • 1425 K Street NW - Washington
    1425 K Street NW, Downtown Washington, Washington, DC 20005
    For Lease $55 - $64/Sqft/Year
    Property
    • Office
    Availability
    • 9 Spaces
    • 69,995 Sqft
  • 5225 Wisconsin Avenue NW - Washington
    5225 Wisconsin Avenue NW, Friendship Heights, Washington, DC 20015
    For Lease $58/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 2,308 Sqft

Washington, DC Commercial Real Estate

There are currently 620 commercial listings available in Washington, DC. These listings include 1,043 commercial spaces that encompass a total of 10,847,056 square feet. Available commercial spaces in Washington, DC range in size from 97 square feet to 529,800 square feet. A total of 371 off-market commercial properties located in Washington, DC are also available for research.

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Washington, D.C. Economic Overview

Location Photo

Located between Virginia and Maryland, Washington, D.C. (also known as D.C., Washington or The District) is the capital of the United States. The District itself is home to 680,000 people. However, when you add the total number of people living in the Washington Metropolitan Area - which includes The District, Suburban Maryland and Northern Virginia - you have the 9th largest urban center in the U.S., with over six million residents.

While government is responsible for about one third of the economy, there is an ever-growing number of professional and business service jobs. Investors from around the world are attracted to the Washington, D.C. commercial market because of its general stability and predictable long-term performance.

The Washington Metropolitan Area is the sixth-largest metropolitan economy in the U.S., with an annual gross product of $435 billion. The Metro Area has the country's most educated workforce, and the unemployment rate is the second-lowest in the nation, coming in at barely 6.2%. Investors are drawn to the Washington commercial real estate market because of the strong presence of the federal government, making the market virtually immune to any economic downturn. Numerous organizations serving the federal government are headquartered in the Washington MSA, and The District has a consistently growing number of businesses not directly related to government, such as education, finance, public policy and scientific research.

Washington, D.C. Commercial Real Estate Market

While the federal government accounts for 29% of the commercial activity in Washington, the DC MSA is also home to 18 Fortune 500 companies and receives significant amounts of international direct investment from the United Kingdom, Canada and Western Europe. Countries with the most companies operating in Washington include Japan, India, Israel and South Korea. Add to this the ever-increasing number of non-government related business operating in the energy, aerospace, defense, security, intelligence, biotech, information and communications technologies industries and it's easy to understand why the demand for commercial real estate in Washington remains strong year after year.

Washington boasts both the highest real income and the highest discretionary spending power of any major U.S. metro area. The retail market in The District is a prime reflection of that. Retail space in D.C. tops 280 million square feet, with the submarkets of Georgetown and East End/Penn Quarter booking full service annualized rents per square foot of $170 and $210 respectively. 

The office market in the Washington Metropolitan Area is the third-largest in the U.S., just behind New York City and Chicago, with over 360 million square feet of office space. Within The District, the submarkets with the greatest amount of office space are East End, with over 47 million square feet, and the D.C. Central Business District, with just over 44 million square feet. Absorption in these top two submarkets remains positive and, as pf mid-2017, there is a combined three million square feet of new product coming online in the near future.

There is nearly 200 million square feet of industrial space in Washington, located mainly along the I-95 north-south corridor, the Capital Beltway, the I-270, the I-81 corridor and also near Dulles International Airport. CAP rates, rents, absorption and vacancy rates all continue to inch upward. Roughly 3.8 million square feet of investment quality product has hit the market over the last couple of years and, as of mid-2017, approximately 2.5 million square feet are in the development pipeline.

Washington, DC Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Washington, DC Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Washington, DC Commercial Inventory Breakdown

Office Spaces

Total: 147,026,906 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 8,405,520 SF / 5.72% of total office
  • 100k to 500k SF: 107,586,108 SF / 73.17% of total office
  • 500k to 1M SF: 25,208,390 SF / 17.15% of total office
  • > 1M SF: 5,826,888 SF / 3.96% of total office

By class:

  • Class A+: 16,045,735 SF / 10.91% of total office
  • Class A: 79,613,808 SF / 54.15% of total office
  • Class B: 36,685,101 SF / 24.95% of total office
  • Class C: 181,208 SF / 0.12% of total office

Industrial

Total: 1,740,786 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 275,981 SF / 15.85% of total industrial
  • 100k to 500k SF: 1,464,805 SF / 84.15% of total industrial

Employment in Washington, D.C.

Employment

At 6.2%, the Washington Metropolitan Area has one of the lowest unemployment rates in the entire country, along with the best educated workforce. According to the U.S. Bureau of Economic Analysis, Washington has the highest per capita income in the country at $75,596, which is over 50% higher than the national average.

While the federal government remains the largest employer in Washington, the economy is becoming increasingly diversified, with job growth generated from industries like professional and business services, energy, aerospace, security and intelligence, technology, biotech, healthcare, education, public policy and scientific and medical research. The tourism industry holds the #2 position for employment in the Washington Metropolitan Area.

Excluding the federal government, the top 10 Washington employers are:

  • MedStar Health, with 16,500 employees
  • INOVA Health, with 15,000
  • Marriott International, with 15,300 employees
  • University of Maryland, with 14,000
  • Booze Allen Hamilton Consulting, with 11,000 employees
  • Verizon Communications, with 11,000
  • Giant Food groceries, with 10,600 employees
  • Safeway groceries, with 9,000
  • Lockheed Martin Corp., with 9,000 employees
  • Deloitte professional services and accounting, with 8,000

The District's population and job growth is forecasted to continue increasing for decades to come and both national institutional and international investors will be attracted by the region's demand for retail, office and industrial space in Washington.

Education in Washington, D.C.

Washington holds claim to the best educated workforce in the U.S. Private colleges and universities in The District include American University, George Washington University, Georgetown University, Johns Hopkins University School of Advanced International Studies, and medical research institutions such as Washington Hospital Center, Children's National Medical Center and the National Institutes of Health in Bethesda, Md.

The District of Columbia Public Schools operates 123 public schools in the city and has recently begun incorporating the use of private education firms to aid in the development of educational infrastructure and materials.

Commuting Time in Washington, D.C.

Although locals will say that commute times are much worse than this, according to the U.S. Census Bureau, the average commute time in Washington is a little over 32 minutes each way, making Washington's commute time the second-worst in the U.S. It takes mass transit users almost 50 minutes each way to commute, but at least they have the advantage of being able to get some work done along the way. Over 37% of the workforce uses some type of mass transit daily, making it the second-highest use rate in the country.

  • There are over 1,500 miles of streets, parkways and avenues in Washington, but no freeway goes through The District, leaving commuters to rely on surface streets.
  • The Washington Metro rapid transit system, the Metrobus and the DC Circulator bus system all connect The District with the suburbs. The Metro is the second-busiest rapid transit system in the U.S. and serves over 1 million riders each weekday.
  • The Washington Metropolitan Area is served by three airports: Ronald Reagan Washington National Airport handles mainly domestic flights, Washington Dulles International Airport receives mainly international flights, with additional air traffic handled by Baltimore-Washington International Thurgood Marshall Airport.

Washington Demographics

Population

  • Total Population684,498
  • Male Population(47.5 %) 324,881
  • Female Population(52.5 %) 359,617
  • Median Age33.90

Income/Financial

  • Average Household Income$121,698
  • Median Household Income$82,604
  • Median Income Under 25$37,869
  • Median Income 25-44$97,800
  • Median Income 45-64$84,143
  • Median Income Over 65$53,580

News

Recently, we looked at the fastest growing jobs in the U.S. between 2009 and 2018, using data from the Bureau of Labor Statistics (BLS). This time, we decided to look at the other end of the job market, to find out which professions are in decline and by how much. Our research measured job decli...

Having previously looked into the best commuter towns near Boston, Atlanta and Chicago, we continue our series with an analysis of the best towns to live if you work in Seattle. Using a similar methodology, we allocated points for each town’s performance in terms of commute time, housing values,...

The Investing in Opportunity Act (‘IOA’) had gone under the radar for several months after it was passed as part of the Tax Cuts and Jobs Act of 2017, until it eventually captured the attention of investors last year. The program proposes tax incentives that could redirect dormant capital gains ...

COMMERCIALCafé is your first and only stop when it comes to commercial real estate leasings in Washington, DC. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 97 square feet and 529,800 square feet. Discover the right property from our 621 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.