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Home News CRE

TikTok Parent Company Reportedly Signs Its First D.C. Office Space

According to new reports, TikTok’s parent company ByteDance has signed at least a 10-year lease to take up 50,000 square feet in Washington D.C.

Aayat AlibyAayat Ali
November 30, 2021
in CRE
Reading Time: 1 min read
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TikTok Parent Company Reportedly Signs Its First DC Office Space

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 TikTok’s parent company ByteDance has signed at least a 10-year lease to take up around 50,000 square feet in Washington D.C. according to new reports. 

Carr Properties finished construction on the 215,000 square foot Signal House this year without signing a lease prior to locking in TikTok as an anchor tenant. 

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TikTok will reportedly take up the first two floors of the building, as well as a portion of the ground-floor retail space. 

The new space may be used for a TikTok Transparency Center, a concept announced in 2020 that, according to TikTok’s Head of U.S. Public Policy Michael Beckerman, would allow “experts and lawmakers to see first-hand how we’re working to build a safe and secure platform for our growing and diverse community.”  

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This initiative followed former President Donald Trump’s threat to ban TikTok unless it was sold to an American company. However, the ban was blocked by a federal judge. 

Although the company has not confirmed the new space, nor is a D.C. location mentioned on its website, its careers page has nearly 70 job openings that are D.C. based.

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Source: Bisnow
Tags: CRE
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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