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New Office Building Leased to WeWork Fetches Top Dollar in DC

1701 Rhode Island Ave. NW Sells for More Than $1,000 Per Square Foot
D.C.-based Akridge sold the building to Miami-based Exan Capital for more than $105 million. Image: CoStar
D.C.-based Akridge sold the building to Miami-based Exan Capital for more than $105 million. Image: CoStar
By Casey Quam
July 2, 2019 | 8:53 P.M.

A new building fully leased to shared office provider WeWork has sold for more than $1,000 per square foot, a top price that is a rarity in the Washington, D.C., market.

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