Grassroots Analytics Expands in D.C. With 24,692 SF Lease at Arch Square

Grassroots Analytics has signed a lease for 24,692 square feet across three floors at Arch Square, a mixed-use property in Downtown Washington, D.C. The move will more than double the firm's space in the city as it relocates to 803 Seventh Street NW, a building owned by Swiss real estate investment foundation AFIAA. With this deal, the office portion of the building reaches full occupancy.

The lease terms and asking rent were not disclosed. Avison Young's Greg Tomasso and Macy Parana represented AFIAA, while Sean Balile, Jake Payne and Whitney Huang of Clarity Tenant Representation represented Grassroots Analytics. Tomasso called full occupancy a meaningful milestone in the current office market.

The transaction comes as D.C.'s office leasing activity improves. Avison Young reported that leasing volume rose 21 percent in the third quarter compared with a year earlier. Arch Square still has about 25,000 square feet of specialized space available, which AFIAA is marketing to retailers and tenants interested in creative offices or showrooms.

For owners of downtown office stock, the deal signals continued demand for well-located space that can accommodate flexible or non-traditional uses.