Coworking Spaces in Washington, D.C.
Washington DC is the capital of the United States, the seat of the federal government, and home to over 6.2 million people in the metropolitan area. There are over 200 foreign embassies and international organizations here, helping to make Washington DC a center of culture, politics, and commerce.
The Washington DC coworking scene is home to large operators such as WeWork and Industrious and smaller creative players. For example, the government technology hub Open Gov Hub caters to people working in the nonprofit sector and social issues, while Hera Hub D.C. is a coworking space and incubator exclusively for women in the District of Columbia.
There are nearly 17,000 freelancers in Washington D.C., making up about 4.7% of the total workforce.
Coworking Market in Washington, D.C.
There is a total of 5.8 million square feet of coworking space in 219 locations in the Washington DC metro area, according to Yardi Matrix. Flexible office space in Washington DC comprises about 1.6% of the total office space in the metro area.
Commercial real estate firm JLL reports that through Q3 2018 new leases for shared space in Washington DC accounted for over 400,000 square feet. That represents approximately 20% of the overall net absorption of office space in Washington DC. JLL notes that coworking office operators in the market are helping to drive the demand for space, helping to offset the decline of traditional office space use in the market.
The well educated workforce and diversified mix of public and private sector enterprises help Washington DC attract its fair share of venture capital. Over the last three years the amount of venture capital invested in the metro area has increased by an average of more than 25%, for a total of over $5 billion through mid-2019.
The number of people holding a bachelor’s degree or higher in Washington DC has grown by nearly 19% between 2013 and 2017, with the fields of business, science and engineering both showing increases of over 35%.
Update: COVID-19’s Impact on Commercial Real Estate
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What is coworking?
Coworking is a collaborative and flexible work style that involves a shared workplace or shared office space. The difference between coworking and traditional offices is that people who work in a coworking space don’t usually work for the same company or organization. This is why these collaborative work spaces appeal to freelancers, small businesses, solopreneurs, and independent workers. The coworking provider that manages the space handles all the services and amenities, to make sure all individual needs are covered. Many coworking spaces offer services such as event space and conference rooms, free wi-fi, virtual business addresses, 24/7 access, pet-friendly policies, printer and fax services, as well as the ability to rent office space by the hour, the day, the month, or long-term.
How to find the right coworking space in Washington, DC
CommercialCafe is your go-to source for finding coworking & shared spaces in Washington, DC. Search our selection of in Washington, DC coworking spaces and find the right provider for your workspace needs. Our database includes 30 coworking office properties, so you can easily find your space and start working. Use our advanced search feature and filters to find the right shared office space, by selecting your desired price, neighborhood, and amenities such as complimentary Wi-Fi, coffee and tea, printing and scanning services or pet-friendly policies. Whether you’re looking to rent office space for a day, trying to find an hourly office rental, or searching for a longer-term option, we’ve got you covered.