As companies look for safe and innovative ways to bring their employees back to the office, we’ve seen increased interest in splitting an office between a Washington, D.C. location and a secondary location just outside of the city. We explored the benefits of leasing an office in Virginia or Maryland and even built a calculator to help you determine the average cost savings of splitting your office between downtown DC and either area.
Why You May Want to Lease a Second Office in the Greater DMV Area
Leasing a second office outside of Washington D.C. is not only more cost-effective thanks to lower rent prices, but can also help mitigate COVID-related health and safety risks. Most suburban office buildings have more area in which people can safely distance themselves and offer far more parking options. This also eases the burden of commuting if employees can choose a location closer to their house, reducing exposure related to public transportation. With lower rental prices, you may also be able to lease more space, decreasing office density and increasing the amount of space per person.
When thinking about which DC suburb is right for your second office, you’ll want to consider where your employees live, where your clients are located and what either suburb can offer.
Leasing a Second Office in Northern Virginia
Northern Virginia (NoVa) is attracting a lot of attention as the home of Amazon HQ2, and for good reason. Conveniently located across the Potomac River and a Metro ride from downtown Washington, D.C., NoVA often offers lower rental rates as well as the lowest corporate income tax in the DMV area and a top young talent pool from nearby institutions.
In Arlington, VA, the corridor that runs from Rosslyn to Ballston is known as the “R-B Corridor,” and is an ideal location for a second office. The R-B Corridor is comprised of the Rosslyn, Courthouse, Clarendon, Virginia Square and Ballston neighborhoods. Companies based along the R-B Corridor include Deloitte, Nestle, Grant Thorton, AES, Politico, and Rosetta Stone. The area offers leasing options from coworking spaces to offices in newly constructed luxury buildings, all at a lower price point than Washington, D.C. Employees that live in NoVa can easily drive to work in this area and avoid exposure from public transportation as parking is cheaper and more available than D.C. Some employees may even live in the R-B Corridor, thanks to its popular and thriving live-work-play environment. The area also has five Metro stops on the blue, silver and orange lines should employees need to commute to a D.C. office or clients.
Leasing a Second Office in Maryland
The Maryland suburbs of D.C., especially Bethesda and Rockville, offer similar benefits to leasing in D.C. without the hefty price tag. For companies with many employees that drive to work, Bethesda and Rockville offer parking at higher ratios than most D.C. office buildings and at lower monthly rates. Once it is safer to take public transportation, Metro’s Red Line connects these areas directly to downtown D.C., making it easy to commute to and from your primary office.
Home to a slew of organizations such as The National Institutes of Health, Geico, Lockheed Martin and Donahue Companies, Bethesda is a commercial center in its own right. Downtown Bethesda has ample office space for lease, along with high-end shopping, dining, and even living options. Marriott is also building its international headquarters with a connected hotel along an entire block in Bethesda’s Woodmont Triangle. Bethesda, leading into Rockville, begins what is known as the I-270 Life Sciences and Biotech Corridor, a hub for software, biotech and government institutions.
Rockville is also part of the Interstate 270 Technology Corridor, home to companies like Goodwill Industries, Indian Health Service and the Nuclear Regulatory Commission. Like Bethesda, Rockville is easily accessible by car or DC Metro. Rockville is also known as being the retail headquarters of Montgomery County thanks to its variety of upscale shopping centers. Office space in Rockville is even less expensive than the neighboring Bethesda, making it an ideal location for a second office.
How Much will Leasing a Second Office in the D.C. Suburbs Save You?
We built a cost-savings calculator to demonstrate how a suburban office location could reduce your rent operating expenses. You can compare savings from DC proper to suburban Maryland and Northern Virginia for Class A, B, and C buildings. Filter the percentage of workforce split between two locations to see customized savings based on leading market averages.
- Example: My team is currently in a Class A office space on K Street in Downtown DC. I want to see potential savings for moving 50% of my team to Northern Virginia where most of them live. Using the tab in the top left, I set filters to 50% downtown, and 50% suburban. I then find the Downtown/Dupont Circle row on the left side and read across to compare rental savings across the different suburban submarkets.
Deciding If You Should Lease a Second Office in the D.C. Suburbs?
No matter where you’re looking for office space, Truss can help. Unlike competitors, every space on Truss has transparent pricing, so you can easily compare spaces and find the office(s) that work best for your team. You’ll even get paired with a local Washington, D.C. broker who can help you navigate the market and negotiate your lease. Get started and find the perfect space for your team today.