Most of the leasing activity here has been renewals, with a handful of new leases inked to occupy around 20,000-sf to 25,000-sf of space, says Tonya Ginter, director of research and marketing for GVA Advantis. "Leases for 42,000 sf are more the exception than the rule," she tells GlobeSt.com. Asking rental rates for buildings here are around $45 per sf, according to Ginter.
Located between D and E Streets., 410-412 Eighth St. was recently vacated by the DC government. The building was formerly home to the DC Arts & Entertainment Commission. UDC plans to use the building for classroom space and some administrative offices.
Brian Daly and Kimberley Quirante of Cassidy & Pinkard Colliers represented the owner in the transaction. Brett Diamond and Josh Peyton of Grubb & Ellis represented UDC.
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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.
