Some D.C. law firms and other office tenants are doing what it takes to keep their tony D.C. addresses, brokers say.
Lois A. Zambo, executive vice president of D.C. brokerage Julien J. Studley Inc., said most clients that require several floors in a building want those floors to be near each other. But some tenants say they are willing to forgo “contiguous space” to stay in the city, she said.
“More tenants are saying, ‘Do what you can to keep us where we are,’ ” Ms. Zambo said.
For example, law firm Reed Smith has leased space on the 12th, 11th and seventh floors in a building on K Street NW.
The firm’s operations director, Patricia Hiltibidal, said when the firm moved to K Street five years ago, it leased the top floors, and only recently added the extra space on the seventh story.
“This wasn’t the preferred choice obviously. It’s just the way it’s worked out,” she said, but added that the arrangement has worked well.
Most Reed Smith workers don’t need to shuffle between floors throughout the day, Ms. Hiltibidal said. When they do, the building has a bank of elevators that move passengers quickly.
“We like those elevators,” she said.
Other D.C. tenants that have taken space on different floors in one building include law firm Kirkland and Ellis, which leased the 12th floor of a building on 15th Street NW, and recently added space on the second and third floors.
Also, the firm Mintz Levin Cohn Ferris Glovsky and Popeo has taken the ninth and second floors in a building on Pennsylvania Avenue NW.
A tenant seeking 100,000 square feet of contiguous office space would find it in 27 buildings in the District, according to Alexandria-based real estate research firm Delta Associates.
There are 31 buildings in the city that have 100,000 square feet of noncontiguous space available, Delta said.
Forty-nine D.C. buildings offer blocks of 50,000 square feet of contiguous space, the same number that offer 50,000 square feet of noncontiguous space, Delta said.
Tenants seeking 20,000 square feet of office space would find contiguous space in 116 buildings and noncontiguous space in 120 buildings, Delta said.