The Presidential Building — Lease in Washington, DC

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Washington, DC 20004

Description

The Presidential Building: 15,000 SF Retail Space For Lease The Presidential Building is a landmark Class A property prominently located on the northeast corner of Pennsylvania Avenue and Twelfth Street NW, overlooking the historic "Avenue of the Presidents." This property delivers 329,855 square feet of fully modernized office space, occupied by Morgan Lewis. The building features an elegant, newly renovated lobby with cream Italian Botticino marble, satin statuary bronze, and a dedicated concierge desk. Along with highly efficient, naturally lit office floors, the building offers prime 15,000 SF Retail Space for Lease. Occupants benefit from ample garage parking (218 spaces) and immediate access to both the Federal Triangle (1 block) and Metro Center (2 blocks) stations, offering proximity to fine hotels, dining, and cultural attractions.

Market Context

This retail in Washington, DC is listed for lease. It has been on the market for 196 days. Compare it against other retail listings for lease in Washington, DC — view the full market.

As of Q4 2025, the Washington D.C. retail market showed a 3.4% vacancy rate, average asking rents near $34.00/SF/yr, rents up 2.4% year over year, and cap rates around 6.8%.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Washington D.C.?
About 6.8% as of Q4 2025.
Is the Washington D.C. retail market tightening or softening?
Vacancy is around 3.4%, with asking rents rising year over year (Q4 2025).

Estimated Market Rate

$2.41/SF/mo – $3.25/SF/mo

Mid: $2.83/SF/mo

Rate estimator only; cost-of-business estimate unavailable.

Contact

Explore this market

Similar Retail Business for Lease in Washington, DC