Newmark is packing up its Washington, D.C., digs and moving a few blocks into shinier space, locking in a full floor at 1050 17th Street NW as it leans harder into its Mid‑Atlantic strategy. The relocation is billed as a long‑term bet on the District and a way to pull more of the firm’s local staff together under one roof.
According to Hines, Newmark has signed a full‑floor lease at the downtown tower and expects to move in during Q4 2026. The brokerage is planning what it describes as an “amenity‑rich workspace” aimed at boosting collaboration and productivity. Hines highlights a slate of features it says are tailor‑made for hybrid work: destination‑dispatch elevators, a lobby with a living green wall, a conference center, a fitness center and secure bike storage.
The relocation was first flagged on May 14 by CoStar News, which framed the deal as part of Newmark’s broader commitment to Washington. CoStar also reported that Hines picked up the 1050 17th Street building in 2023 for nearly $60 million, a buy that helped reposition the property in the Central Business District.
What the new space offers
1050 17th is an 11‑story, roughly 154,000‑square‑foot office building that delivered in 2020, built with large and efficient floorplates that appeal to tenants chasing collaborative layouts rather than old‑school rows of private offices. Clark Construction notes on its project page that the property includes a rooftop terrace, a tenant fitness center and upgraded common areas - the kind of bells and whistles owners lean on to lure higher‑quality occupiers in downtown D.C. Those are the amenities Newmark is set to tap into.
Why the move matters for the local market
The Newmark deal builds on Hines’ 2023 acquisition of the building and a run of leasing wins, most notably a large block taken by law firm Davis Polk. Those moves helped lift the asset’s occupancy rate and its profile among CBD landlords and investors. Coverage at the time by Commercial Observer and the Washington Business Journal reported that Hines paid about $60 million for the property and that Davis Polk’s deal represented more than half of the building’s total square footage - a signal that investors still prize well‑located, modern product in the downtown core.
For Newmark, the move centralizes its Mid‑Atlantic operations in the kind of modern, amenitized office space that landlords like to hold up as the premium tier of Washington’s office market. Occupancy is expected later this year, and the lease gives brokers and owners one more data point as they watch to see whether high‑quality buildings can keep the leasing momentum going in a choppy market.
