Morning Consult, a global data intelligence company, has signed a 49,000-square-foot lease at Douglas Development Corp.’s Woodies Building, located at 1025 F St. NW in Washington DC.
Available in April 2021, Morning Consult will backfill the newly-leased space. The Morning Consult will occupy the office space in less than six months of downtime from when the existing tenant vacates.
Morning Consult has Tripled in Size During COVID-19
Since its initial 5,000-square-foot lease in 2015, the new tenant has steadily grown. The company has tripled in size during the COVID-19 pandemic.
The Washington DC-based company was founded in 2014. It 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. Morning Consult has offices in Washington DC, New York, Chicago and San Francisco.
The Company Showcases Growing Technology
The lease agreement with Morning Consult further showcases the continually growing technology sector in Washington DC.
A very positive story for the region is the growth of tech in Washington DC states Norman Jemal, principal at Douglas Development. Access to a skilled workforce is what companies value. In addition, to the ease of commuting and the diverse and dynamic lifestyle that DC offers. The long-term commitment of the company is just further evidence of this sentiment. Jemal further adds they are very happy to partner with the company to continue to double down in their efforts to grow their workforce in the nation’s capital.
CBRE’s Mark Klug, Carroll Cavanagh, Emily Eppolito and Dimitri Hajimihalis Douglas Development in the transaction was represented by Douglas Development. JLL’s Greg Lubar, Andy O’Brien and Zach Boroson have represented the company.
“Morning Consult has evolved 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 the company into a long-term lease at The Woodies Building.