A Discussion with Stout & Teague at 1400 16th Street, NW: The Success Story of a Modern Office Space in Dupont Circle
In the competitive landscape of Washington D.C.’s office market, one property stands out for its exceptional performance. Located at 1400 16th Street, NW and spanning eight stories and 190,000 square feet in Dupont Circle, Stout & Teague’s modern office space has become a magnet for prestigious tenants from higher education institutions to non-profit organizations.
Mollye Schneeberg is the director of leasing at Stout & Teague and recently spoke with ConnectCRE about the DC office market as well as the story behind their successful property – now known simply as “1400”.
1. What trends are currently shaping DC’s office leasing market?
We are witnessing a shift towards a “hospitality-centric” model where top-tier amenities that were once considered an added bonus are now essential requirements. However, tenants aren’t just looking for luxurious amenities – they also seek spaces that serve specific purposes such as common areas for impromptu meetings or dedicated quiet spaces to promote productivity.
2. When speaking with potential tenants about your offices, what do they prioritize?
Tenants look for spaces that meet all their needs but conferencing facilities equipped with state-of-the-art AV/technological features rank high on their list of priorities. With hybrid work becoming more prevalent post-pandemic era , it is crucial to have seamless connectivity between employees working remotely or on-site; therefore operators must offer various IT options.
3.Tell us about your building located at 1400-16th street NW:
It is truly one-of-a-kind gem situated between two vibrant neighborhoods- Dupont and Logan circle surrounded by excellent dining options , shops , embassies,and hotels . Additionally,it offers convenient access via major thoroughfare like Sixteenth street,NW . Recently we opened our state-of-the-art fitness and wellness studio in partnership with FLEX DC, offering instructor-led classes to tenants several times a week. To complement this facility, we have also built brand new locker rooms complete with spa-grade finishes , individual secure lockers , showers and towel services . Furthermore, we are currently constructing a gender-neutral restroom equipped with shower facilities – an initiative that stemmed from feedback received from potential tenants. We continue to prioritize such initiatives based on our interactions with both prospective and existing groups.
4.What sets your building apart from others in the area?
The outdoor courtyard- essentially a private park- featuring lush rose gardens as well as newly installed tables,chairs,and umbrellas for additional gathering space . It is truly an oasis amidst the hustle-bustle of Washington D.C.
5.What types of companies currently occupy your building? How do you envision other businesses fitting into this community?
Our tenant mix is diverse ranging from small law firms, associations,npo’s,private companies to prestigious universities like Notre Dame University,Maryland University,School of Nursing at Johns Hopkins university,and James Madison university.Our conferencing facilities offer maximum flexibility allowing for classroom-style setups if needed.The first floor has been recently renovated can accommodate up-to 250 people comfortably while being fully equipped AV/IT needs .
6.How does Dupont Circle fare as a neighborhood for office spaces?
I may be biased,but I believe no other area compares to Dupont circle.As hospitality-infused models gain popularity,Dupont continues its legacy by providing unparalleled opportunities establish presence within Washington D.C.’s heart.Dupont remains unscathed unlike downtown areas which makes it ideal thriving community boasting farmers markets,fine dining options among many others.
Boutique Office Space Thrives in the Heart of DC
In conclusion,the success story behind Stout & Teague’s modern office space located at 1400 Sixteenth street,NW stands tall amidst fierce competition within Washington D.C.’s office market . With a focus on providing top-notch amenities and fostering a sense of community, this property has become the go-to destination for prestigious tenants seeking prime office space in Dupont Circle.
