More Companies Flocking To Washington DC

by Elias Shams
Indeed, as our government growing, it’s giving additional incentive to the corporates to move to DC. It was just last month I wrote about Washington, DC as the most expensive city in our nation for office space, here is another company moving their headquarter to DC.

This is just further proof DC is becoming ground zero for more companies – particularly if they are also federal contractor.  CoStar Group, provider of information services to the commercial real estate industry purchased their New Headquarters Building in L Street in downtown DC for $41.25 million.

From their Press Release, it sounds like their move is mainly for property tax breaks and to put them closer to many of their federal clients. The half-vacant building went for $234 per square foot — less than half the going rate for similar structures in DC. The DC Council last month approved a measure granting CoStar $6.1 million in property tax savings over the next decade to relocate to DC. The deal also requires the company to hire 100 city residents. CoStar expects to begin moving into the building in the coming weeks.

Those of you can’t afford $40 m or even $400/month, not to worry. You are saved by 1410Q. The visionary dude behind 1410Q is another awesome Washingtonian, Daniel Ruben Odio-Paez, Co-Founder & Chief Operating Officer, PointAbout and Creators of AppMakr. Their building is only a few blocks north of The White House.

With $250 a month, you can have the perfect small office space you need to get your company off the ground. In addition to space, you get high speed Internet access, desk, etc. The 1410Q is a safe environment for technology entrepreneurs to explore what they are capable of, surrounded by other like minded tech entrepreneurs.

Here is the best part. 1410Q is walking distance to many hot bars and restaurants including one of my favorite nightclubs in DC, Lima where you usually find average of three hotties for one dude I took this photo myself from one of my buddies in action. Not sure whether he scored later on or not, but I am sure you get the idea. This way, if you know you will end up working late at weekend, just make sure to take your clubbing clothes with you to the office.

Don’t believe me how close 1410Q is from Lima, here is the map where A will be your office and B is Lima

I wish they were around when I was desperately looking for office space for my two internet companies in 1999 and 2006.

Check out the video of 1410Q from Dan himself: