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Gould Property Identifies Niche Beyond Co-Working

WASHINGTON, DC--The company plans to launch a series of buildings under a branded concept.

By Erika Morphy | erikamorphy | Updated on April 18, 2017

A tech suite at 1725 DeSales St. A tech suite at 1725 DeSales St.

WASHINGTON, DC–Gould Property Co. is working on a new initiative to offer space to startups that have outgrown their co-working roots. These young companies, while still small and possibly bleeding cash, are more image conscious because they have investors to reassure and new clients to impress. They need nicer and more private space than they can get in a co-working environment. Space that can accommodate a team of 15 or so people, which would be around 3,000 square feet.  Space with signage possibly, a short-term lease hopefully, and definitely space that doesn’t break the bank.

There are various options in the market that can meet some of these criteria, including a handful of brokers willing to work on small leases. But Gould Property wants to wrap all of the aforementioned in one package for companies at a rent of slightly under $50 per square foot.

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