Working America Inks White House-Adjacent Office Lease
The tenant will move into the new space this fall.
Working America, the largest organization in the U.S. to represent working people without a union, has signed a 14,345-square-foot office lease at Cafritz’ 1725 Eye St. NW, in Washington, D.C. The 241,695-square-foot office building, dubbed the Farragut Center, sits two blocks north of The White House.
Colliers worked on behalf of the landlord, while Lincoln Property Co. represented the tenant.
Working America is scheduled to move into its new space this fall, immediately after the current tenant vacates the premises. The organization will join Metro Offices Midtown, Brand USA, ICF, Bank-Fund Staff Federal Credit Union and The ONE Street Co. in the roster.
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Completed in 2001, the property features floorplates measuring between 24,169 and 24,500 square feet, across 10 stories. The ownership currently plans a capital improvement program, which will target the renovation of the lobby, conference center, fitness facility and the rooftop terrace.
Located in downtown Washington, D.C., the office building is just off U.S. Route 29 and close to the Farragut North and Farragut West metro stops. Working America’s headquarters office is two blocks east, at 815 16th St. NW.
Tenants’ continued focus on quality rather than simply taking larger footprints has remained a key driver of corporate office relocations across the U.S. The trend is pushing landlords and operators to deliver flexible, well-designed environments that support both focused work and collaboration.
Colliers Executive Vice President Mark Sullivan, Senior Vice President Matt Venos and Client Services Coordinator Cassidy May led the team that represented the ownership in the lease signing.
DC office fundamentals send mixed signals
In the first four months of the year, Washington, D.C.’s office sector performance has showcased mixed signals, having recorded one of the smallest pipelines among peer markets, yet ranking among the top 10 in terms of investment activity—without surpassing the national average, however.
As of May, Washington, D.C.’s average office listing rate slipped 0.5 percent year-over-year to $40.33 per square foot, according to a recent Yardi Matrix report. The figure remained above the $33.61 national average. Additionally, the metro’s vacancy rate was unchanged on a trailing 12-month basis, holding at 19.3 percent, also above the 17.6 percent U.S. average.
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