Capitol Hill possesses both the charm that comes from being one of the oldest residential neighborhoods in Washington, D.C., and the formality necessary of the area that houses the United States Capitol, the House and Senate office buildings, the Supreme Court, and the Library of Congress. Capitol Hill straddles both the Southeast and Northeast quadrants of D.C. The borders of Capitol Hill are usually agreed upon as the Anacostia River to the east, the National Mall to the west, H Street Corridor to the north, and the Washington Navy Yard to the south.
Office space in Capitol Hill is ideal for companies that desire Class A space within a well-established community and proximity to the Federal Government.
Capitol Hill Office Space | Lease Data & Trends
Split fairly evenly between Class A and Class B properties, Capitol Hill’s commercial real estate inventory totals over 5 million square feet. Based on 2018 commercial real estate leasing data, Capitol Hill office space is some of the city’s most expensive, renting at an overall average of $71 per square foot compared to the average Washington, D.C. office space rent of $60 per square foot.
Most Class B office space is already occupied, due in part to an average price per square foot that meets the citywide Class B average of $50. Class A property has a much higher vacancy rate of 19.5% and costs around $75 per square foot. Nearly one million square feet of new Class A office space is under construction.
What Our Brokers Say About Capitol Hill Office Space
Commercial development on Capitol Hill centers around Pennsylvania Avenue, Barracks Row, and the Metro stations in the area. Politics is the primary industry on The Hill, and a sizable percentage of Capitol Hill’s commercial real estate inventory is occupied by lobbying firms, nonprofits, news and media firms, and other government agencies and organizations who benefit from proximity to the United States Capitol and other federal government institutions.
Politically-focused startups are also renting office space in Capitol Hill and fit right in among the change-makers who call D.C. home. Prominent sectors in the startup sphere include education, policy, and fintech. Startups also benefit from D.C.’s diversity and have access to a talented, educated hiring pool of change-making professionals. FastCompany recently listed D.C. as 2018’s top city for women working in tech.
Getting Around Capitol Hill
While Walk Score lists Capitol Hill as the 15th most walkable D.C. neighborhood, biking is the most efficient way to get around. Many of Capitol Hill’s streets have bike lanes, and the abundance of parks in the area provide scenic routes to and from work. Capital Bikeshare has bike-sharing stations throughout Capitol Hill.
The Red Line, MARC trains, and VRE trains stop at Union Station, which is about a 15-20 minute walk from many offices in Capitol Hill. The Orange and Blue Lines stop at four different Capitol Hill Stations: Capitol South, Eastern Market, Potomac Avenue, and Stadium/Armory. Sixteen Metrobus routes also run through Capitol Hill.
Drivers coming from Arlington or Southeast Washington have convenient access to Capitol Hill via the Southeast Freeway, although street parking in the area is limited and parking garages tend to fill up quickly. More than two dozen car shares serve the area.
Exploring Capitol Hill
With plenty of parks, national landmarks, and excellent hotels, Capitol Hill provides numerous options for hosting and entertaining clients and business guests. Washington, D.C.’s highly-rated food scene has diverse offerings to satisfy all tastes, and Capitol Hill is home to some of the best restaurants in the city. Barracks Row on Eighth Street is a foodie hot spot, lined with favorites such as Ambar, Belga Cafe, Matchbox, and CHIKO. For fine dining, be sure to try Rose’s Luxury, Pineapple & Pearl, Montmartre, and Garrison.