Rosslyn’s Wilson Boulevard Is Most Expensive Street To Lease Space In Northern Virginia

12/14/17

Just how much will companies pay to occupy one of America’s most desired office addresses? According to JLL’s 2017 Most Expensive Streets study, those high-profile strips command an average asking rent of $48.65 per square foot, or a 46.9 percent premium compared to the rest of the country.

Across the metropolitan Washington, D.C. region, similar premiums exist despite market stagnancy. In fact, the one-mile stretch of Pennsylvania Avenue that runs from the White House to the U.S. Capitol Building in Washington, D.C., commands the highest office rents in the mid-Atlantic region with an average of $80 per square foot.

Occupied primarily by top-tier law firms, lobbying groups and government affairs’ offices of Fortune 500 companies, JLL says these tenants are willing to pay a premium for this address, which offers expansive views of the Capitol Building and the monuments as well as proximity to lawmakers in Congress.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.