Pew Offers Charities Office Space in New Headquarters Building
June 16, 2008 | Read Time: 1 minute
The Pew Charitable Trusts bought a 10-story office building in downtown Washington, with the aim of leasing out 90 percent of the new space at reduced rates to other nonprofit groups, reports The Washington Post.
Pew is based in Philadelphia but has a staff of about 150 people in Washington — with plans to double that number over the next three years, the paper reports. With commercial rents in Washington running about $55 to $65 per square foot, nonprofit organizations have been leaving the city, a city spokesman tells the Post.
“It’s a real problem,” Pew’s chief executive, Rebecca Rimel, says. “Many nonprofits want to be in the District for all of the reasons that we do: access to talent, access to colleagues and other nonprofits, access to policy makers. And at these rental rates, it’s very, very hard to not only find the resources, but to justify the investment.”
Ms. Rimel said Pew is negotiating with potential tenants but did not disclose organization names. One tenant that will continue to lease space in the building is the American Cancer Society, the Post reports.
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