Skanska Secures 14-Year Lease for 17xM Office Building in D.C.

Skanska Expands Presence in Washington, D.C. with 14-Year Lease

Skanska, the renowned construction and development firm, has officially confirmed a long-term commitment to its flagship office space in Washington, D.C. with the signing of a 14-year lease for the impressive 17xM building. Spanning approximately 5,100 square meters and featuring ample parking, this modern office hub is tailored to meet the dynamic needs of today's workforce.

Located strategically at the bustling intersection of 17th Street and M Street Northwest, the 17xM merges architectural brilliance with functionality over its 11 stories. With this recent agreement, an impressive 81 percent of the office space is now fully leased, indicating strong demand and a successful leasing strategy for Skanska. The expected occupancy date for this new tenant is set for June 2026, marking a promising new chapter for both the company and the building.

This will be the fourth lease signed for 17xM, further highlighting the growing interest in this innovative office space. In a noteworthy addition to the building’s appeal, part of the ground-floor retail space, which encompasses 1,350 square meters, will soon be home to Uchi, a restaurant that has received the prestigious James Beard Award, known for its exceptional Japanese cuisine. This culinary partnership aims to attract not only office workers but also area residents and visitors seeking exciting dining experiences.

The design of the 17xM office building stands out with its unique K-shaped floorplate, allowing for highly customizable office arrangements that can adapt to various business requirements and work styles. Beyond its operational functionality, the building also features Washington D.C.'s largest green exterior wall, promoting sustainability and environmental consciousness. Employees can benefit from a rooftop terrace, providing scenic views and a refreshing outdoor space, and a premium gym equipped with spa-style amenities to enhance workplace wellness. Additionally, a private vehicular layby ensures smooth access to the building, catering to corporate clients and visitors alike.

Skanska's commitment to excellence and sustainability continues to shape its commercial real estate strategy, and the 17xM building is a testament to this vision. With this latest lease agreement, Skanska not only reinforces its position in the competitive D.C. market but also showcases its capacity to create spaces that foster collaboration, productivity, and a vibrant work-life balance.

For those seeking office spaces that cater to modern business needs, the 17xM is positioned as a prime example of contemporary architecture and innovative design. The decision for long-term leasing reflects a robust confidence in the building and the strategic direction of Skanska as it continues to expand its footprint within the U.S. real estate market. As more details emerge about upcoming tenants and the retail offerings, it’s clear that 17xM is set to become a new landmark in the heart of Washington, D.C.

For additional information on this significant development or to inquire about leasing options, interested parties can connect with Christopher Westley, Senior Vice President of Strategic Services at Skanska Commercial Development USA, or Andreas Joons, Press Officer at Skanska Group. As the building flourishes, the enthusiasm surrounding 17xM is expected to grow, making it a notable address in the urban landscape of D.C.