The Dupont Circle neighborhood is centered around a famous traffic circle and fountain of the same name. The Dupont Circle Fountain was designed by Daniel Chester French and Henry Bacon, whose most recognizable work is the Lincoln Memorial, and is a favorite gathering spot for locals. Dupont Circle is located approximately two miles north of the National Mall and is bounded by 16th Street NW, 22nd Street NW, M Street NW, and Florida Avenue NW.
People living and working in Dupont Circle appreciate the strong sense of community that the neighborhood has maintained since the late 19th century. Brimming with history, greenery, and an artistic and intellectual sensibility, Dupont Circle is a preferred neighborhood for those seeking Class B office space close to Downtown D.C.’s Central Business District.
Dupont Circle Office Space | Lease Data & Trends
Dupont Circle composes one-third of the larger Dupont-Logan–Shaw submarket. The neighborhood has no Class A office space, and no new construction is underway in the area. There is close to 4.25 million square feet of Class B and Class C product in Dupont Circle, but the popularity of the neighborhood coupled with rents just under the citywide averages result in a 3 percent vacancy rate, much lower than the DC office space average of 11 percent.
Based on Q2 2018 leasing data, tenants renting Class B office space in Dupont Circle will pay around$53 per square foot on average, and slightly less than $40 per square foot for Class C offices.
D.C. Office Space | Average Asking Rents per Square Foot
|Submarket||Class A||Class B|
|Northern VA Total||$38||$30|
|Suburban MD Total||$33||$26|
What Our Brokers Say About Dupont Circle Office Space
Companies with global interests should consider office space in Dupont Circle, which has the largest concentration of international embassies in D.C. housed along a two-mile stretch of Massachusetts Avenue called “Embassy Row.”
Many of the nation’s most prestigious and influential think tanks and research institutions rent office space in Dupont Circle, such as the Brookings Institution, the Aspen Institute, the Stimson Center, and the Carnegie Endowment for International Peace. Other commercial tenants in the area include business consultants, accountants, bookkeepers, realtors, nonprofits, and software companies.
Getting to, from, and Around Dupont Circle
Taking the Red Line to the Dupont Circle Station is the most direct and convenient way to commute to Dupont Circle. The main bus routes serving the area include the G2 along P Street, the L2 which travels 18th Street, and the 42 which connects Chinatown and Mount Pleasant. Commuters can also catch the D.C. Circulator to Georgetown and Rosslyn every ten minutes from the corner of 19th and N Streets.
Walking and biking are the most common forms of transportation for those who live in the area. Several protected bike lanes run through Dupont Circle, which is a very bike-friendly neighborhood with two Capital Bikeshare docking stations.
For those who drive, locals suggest sticking to Connecticut Avenue, Dupont Circle’s main thoroughfare which includes a tunnel underneath the circle, and avoiding the traffic circle itself. Street parking is scarce, but there are several parking garages in the area.
Dupont Circle Neighborhood & History
Dupont Circle was mostly undeveloped until after the Civil War, and many of the neighborhood’s row houses and mansions were built before 1900. Before the fountain was built in 1920, the traffic circle used to hold a memorial statue of Civil War Admiral Samuel Francis Du Pont, which is where the neighborhood received its name. Sunny days are perfect for a picnic lunch at the Dupont Circle Fountain or on 22nd Street’s Spanish Steps.
Many restaurants line Connecticut Avenue, just a few minutes walk in either direction from the fountain. Our team enjoys grabbing lunch at Zorba’s Cafe, CAVA, Julia’s Empanadas, and Bethesda Bagels. For business lunches or wining-and-dining clients, reserve a table at Plume at the Jefferson Hotel, The Rigsby at Kimpton’s Carlyle Hotel, or Urbana at the Hotel Palomar.