Morning Consult Signs 49,000-SF Lease in DC

WASHINGTON DC – Global data intelligence company, Morning Consult has signed a 49,000-square-foot lease at Douglas Development Corp.’s Woodies Building, located at 1025 F St. NW in Washington DC.

Morning Consult will backfill the newly-leased space, which becomes available in April 2021. The company will occupy the office space less than six months of downtime from when the existing tenant vacates.

The new tenant has steadily grown since its initial 5,000-square-foot lease in 2015. The company has additionally tripled in size during the COVID-19 pandemic.

Founded in 2014, the Washington DC-based company has become one of the fastest growing tech-companies in North America, according to Deloitte. The company has expanded from 13 employees to more than 255 employees, with offices in Washington DC, New York, Chicago and San Francisco.

The lease agreement further showcases the continually growing technology sector in Washington DC.

“The growth of tech in Washington DC continues to be a very positive story for the region,” states Norman Jemal, principal at Douglas Development. “Companies value the access to a skilled workforce, ease of commute and the diverse and dynamic lifestyle that DC offers. Morning Consult’s long term commitment is just further evidence of this sentiment, and we are ecstatic to partner with them so they can continue to double down in their efforts to grow their workforce here in the nation’s capital.”

Representing Douglas Development in the transaction was CBRE’s Mark Klug, Carroll Cavanagh, Emily Eppolito and Dimitri Hajimihalis. JLL’s Greg Lubar, Andy O’Brien and Zach Boroson represented Morning Consult.

“It’s been amazing to watch Morning Consult evolve into a household name and become one of the most sought-after tenants in Washington DC,” states Klug, EVP at CBRE. “We are beyond excited to help Douglas Development secure Morning Consult into a long-term lease at The Woodies Building. This is one of a handful of growing tenants that we are currently negotiating with in our portfolio and it is nice to see some positive signs of life in what has been an extremely challenging market. While 2020 has been anything but predictible, we continue to remain optimistic about a few specific industry types continuing their growth, which will help give the office market the bit of a boost that it desperately needs. ”

“Morning Consult’s growth is a true example of why startups are thriving in Washington,” says Lubar, vice chairman at JLL. “In just six years, they have gone from operating in a rowhouse to one of the fastest growing tech companies in the country. We’re excited to partner with them in their journey and look forward to what the next six years will bring.”