The D.C. office market is struggling with record vacancy rates, but there is one tenant D.C. can always count on: Government affairs.
And demand for office space from those tenants is growing.
“We just looked at the big three — that’s the lobbyists for hire, the corporate government affairs groups, and associations,” said Tammy Shoham, research director at commercial real estate firm JLL, which focuses on the D.C. market. “And of those three groups, there are over 1,500 entities here in D.C.”
That number does not count all of the think tanks and higher-education institutions and other private-sector companies that have teams in D.C. focused on government relations.
National lobbying spending hit a historical high of $4.2 billion in 2023, and JLL said there are no signs of it slowing.
Office space in D.C. is essential to these organizations — lobbying is not something you can do on a Zoom call.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
