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Washington D.C. Office Space In-depth In 1791 Washington, D.C. became the seat of the U.S. government and headquarters for most federal agencies. With so much of the federal government concentrated within 70 square miles, a unique business community has developed in and around Washington.
Many organizations such as law firms, independent contractors, non-profits, lobbying fi... Read More
Washington D.C. Office Space In-depth In 1791 Washington, D.C. became the seat of the U.S. government and headquarters for most federal agencies. With so much of the federal government concentrated within 70 square miles, a unique business community has developed in and around Washington.
Many organizations such as law firms, independent contractors, non-profits, lobbying firms, trade unions, industry trade groups and professional associations have their headquarters with office space in Washington D.C. to be close to the federal government. There are many Fortune 1000 companies based in Washington DC, of which 18 are also Fortune 500 companies.
Expansion Magazine ranked Washington D.C. among the top ten areas in the Nation favorable to business expansion. Washington DC has the third-largest downtown in the United States in terms of commercial office space, directly behind New York City and Chicago.
Aside from federal government, DC has other advantages for companies in an array of industries. Its suburbs support a rich array of high-tech and bioscience enterprises, many of which held up well during the downturn. The city’s labor pool tends to be highly-skilled, and the impact of the recession was mostly felt by the lower-skilled.
Major corporations with operations in DC office space include Marriott International, AMTRAK, AOL Time Warner, Gannett News, Exxon Mobil, Sprint Nextel and the International Monetary Fund. The city is #1 in US growth of professional and business services jobs over the last decade, 23% of the region’s jobs are in professional & business services, 12% in education and health services. It also has a growing financial, education and healthcare industry base. Open, relocate or expand to office space in Washington DC.
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