WASHINGTON, DC-Architects appear to have a yen for space in 1010 Wisconsin Ave. J Street Cos. has just negotiated a five-year renewal of 14,145 square feet in the building for a client, Gridley Architects. In addition, the owner, RB Associates, has just negotiated a lease for the top two floors of the building with another architect firm, J Street's Andy Wolf tells GlobeSt.com. The building is almost completely occupied as a result. "As far as the submarket itself, Georgetown has always been popular with architects," he adds.
Gridley Architects has been located at 1010 Wisconsin for 18 years but it still embarked on a search for comparable space, Wolf says. It decided to stay put because it was the best option, he says.
"Georgetown has been a good market recently posting positive net absorption," Wolf says.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
