One Thomas Circle Posts Standout Q1 Leasing Performance

WASHINGTON, D.C., April 24, 2026 - JLL today announced a series of new leases and expansions at One Thomas Circle, owned by LaSalle Investment Management (LaSalle), underscoring continued leasing momentum and strong demand for high-quality, amenity-rich office space in the heart of Washington, D.C. 

Leading the activity, Industrious, a premier flexible workplace provider, has expanded its presence at the property as a result of the continued high performance and to accommodate growing demand. The coworking company previously occupied the seventh floor and has signed a lease for the entire fourth floor – doubling its footprint.

Industrious’s expanded space opened in late March 2026 and reflects continued growth in demand for premium flex office solutions. In addition, a global nonprofit organization focused on financial inclusion has signed a lease to relocate its new headquarters to One Thomas Circle. Further highlighting the property’s appeal to emerging industries, a local technology company has leased a spec suite for their new office, which reflects continued momentum among technology firms entering and expanding within the DC market.

"These transactions speak to the strength of Washington, D.C.'s office market and the caliber of tenants it continues to draw," said Kristen Mathis, Managing Director, JLL. "One Thomas Circle continues to attract a diverse mix of tenants – from flexible workspace providers to mission-driven organizations and cutting-edge technology firms. The newly renovated and highly amenitized building sits at the gateway to 14th Street and DC’s Downtown core. This prime location, combined with its exceptional amenities and flexible space options, make it a natural choice for best-in-class occupiers."

To meet ongoing demand for move-in-ready spaces, five new spec suites are underway on the 12th floor, the top floor of the building, ranging from 2,500 to 8,000 square feet and are expected to deliver by the end of 2026. Designed by Collective Architecture to reflect a modern, high-quality workplace experience, the suites speak to a growing tenant preference. According to JLL research, 46% of all non-renewal leases signed in DC in 2025 were for spec suites, driven by the move-in-ready convenience and operational efficiency the market demands.

"The expansion of Industrious and the arrival of innovative firms like the global nonprofit and local technology company underscore the enduring demand for high-quality, amenity-rich office environments in a resilient market such as Washington, D.C.," said Brett Bowman, Senior Vice President at LaSalle. "As one of the few 12th-floor spec suite offerings in the DC market, One Thomas Circle delivers a unique opportunity for high-growth tenants to secure premium penthouse space. Our ongoing investment in elevated amenities and tenant experience supports talent recruitment and retention, positioning One Thomas Circle as the preferred long-term destination for leading organizations in the region.”

Centrally located on Thomas Circle with immediate connectivity to the vibrant 14th Street corridor, One Thomas Circle offers tenants direct access to some of DC’s most sought-after restaurants, retail and neighborhood amenities. The building features a large central atrium, unique floorplates that provide abundant natural light and sweeping views of Thomas Circle – creating an elevated and highly desirable workplace environment. The property recently unveiled a new third-floor amenity center featuring three state-of-the-art conference rooms accommodating up to 50 people and a brand-new tenant lounge with indoor-outdoor connectivity to the building’s atrium.

These enhancements strengthen the property’s appeal as a premier destination for tenants seeking flexibility, convenience and experiential workplace design.

JLL’s Kristen Mathis and Thomas Myers represented LaSalle at One Thomas Circle.

For more information about One Thomas Circle, visit https://property.jll.com/listings/one-thomas-circle-1-thomas-cir-nw-east-end. 

LaSalle Investment Management, a subsidiary of JLL, is a globally integrated, diverse real estate investment manager. On a global basis, LaSalle manages US$86.9 billion of assets in private and public real estate equity and debt investments as of Q4 2025. LaSalle’s client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a diverse range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information, please visit www.lasalle.com, and LinkedIn.