In an effort to accommodate its growing number of tenant advisors and staff, Studley announced today that is expanding its DC office space by 3,000 square feet.
Studley currently occupies 13,000 square feet on the fourth floor of 555 13th St. NW. The expansion represents a 25 percent increase in the firm’s office footprint and comes on the heels of one of the most profitable years in the company’s 45-year history. The additional space will bring the commercial real estate firm’s total square footage in the building to 16,000 square feet.
According to Studley Executive Vice President and Co-Regional Manager David Lipson, it is the office’s fourth office expansion in seven years.
“At Studley, our recruiting philosophy is one of calculated growth. Every seat here matters and the quality of our real estate advisors is the key to our success. We will proudly continue to pursue only the highest motivated, qualified candidates to join the team,” Lipson said.
Since January, Studley has added 14 brokerage professionals and to its DC regional office roster, which represents a 34% increase in its overall headcount this year. In 2011, the firm’s local DC area offices transacted more than 6 million square feet of leases on behalf of tenants, representing 22% of the total leasing activity in the DC region, including five of the ten largest leasing transactions in Washington, DC.
Studley, headquartered in New York City, has two local offices in the Washington, DC metropolitan area. In June 2012, its DC regional offices were voted the #1 “Best Place to Work” in the Washington, DC area by the Washington Business Journal and named one of the “Fastest Growing Firms in the Mid Atlantic” by the Mid Atlantic Real Estate Journal.