Covington Offers DC Sublease At Bargain Rates

Law360, New York (February 21, 2013, 5:03 PM EST) -- Gearing up for a 2014 relocation, Covington & Burling LLP has put its existing Washington, D.C., space up for sublease — and its well-below-average prices, given the Pennsylvania Avenue address and tight office market, offer other firms a rare opportunity, Covington's broker told Law360 on Thursday.

Taking into account that the subleases will be short-term — Covington's lease expires in Aug. 2016 — the space is being marketed to move. And it could be tempting for a law firm without a D.C. base that would like...
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