Pembroke, a leading international real estate company, has recently announced a series of new leases and lease renewals at two of its properties in Washington D.C., 1201 New York and 1801 Penn.
The CBRE team representing Pembroke at 1201 New York includes Amy Bowser, Brooks Brown, and Will Donohue. Meanwhile, the Cushman & Wakefield team representing Pembroke at 1801 Penn consists of Mark Wooters, Michael Katcher, John Skolnik,and Kyle McFadden.
Among the incoming tenants to occupy space at 1201 New York are the International Franchise Association (IFA) and Firehouse Strategies. Additionally,the past twelve months have seen an increase in occupancy rates for both properties with four new tenants securing a total of33 ,000 square feetat1801Penn.
According to Max Timmons,Pembroke’s Asset Manager,”Our flexible strategy coupled with our deep understandingoftheD.C.marketdynamics allows us to provide customized solutions that appealto like-minded businesses.”
Despite Washington D.C.’s office market vacancy rate being reported as high as22.4%in Q2of2024 by CBRE,a significant achievement is evidentwithoccupancyratesof87%and93%, respectivelyfor both properties – outperforming themarket average.
