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Block, parent to CashApp and Square, joins Bay Area giants opening D.C. offices
October 21, 2025
Courtesy of Cash App
By Nate Doughty – Staff Reporter, Washington Business Journal
Oct 21, 2025
Updated Oct 21, 2025 3:31pm EDT
Story Highlights
- Block Inc. leases 8,000 square feet in D.C. near regulators.
- Other tech giants like OpenAI and Roblox recently opened D.C. offices.
- Block dropped San Francisco headquarters for distributed work model in 2022.
Block Inc., the parent company of CashApp and payments platform Square, has inked a lease in D.C., the latest example of Bay Area tech companies seeking proximity to federal regulators.
The company is set to occupy 8,000 square feet inside Marx Realty’s The Herald building at 1307 New York Ave. NW, an unnamed source familiar with the deal told Bisnow. The building sits three blocks from the White House.
Neither Block (NYSE: XYZ), Marx Realty nor Avison Young, which brokered the deal, responded to a request for comment on the lease.
It will be the publicly traded financial services company’s first presence in the nation’s capital since its launch in 2009 by co-founder and CEO Jack Dorsey, the co-founder and former CEO of Twitter Inc. It has other offices in cities such as Atlanta, New York and San Diego as well as several abroad, according to Indeed, and employs over 12,000 people.
Block dropped San Francisco as its headquarters in 2022 as part of its “distributed work model” that favors remote workers. It lists an Oakland, California, office as its main address in regulatory filings.
Block joins the likes of other tech giants that have set up shop in the nation’s capital over the past year.
San Francisco’s OpenAI leased over 14,500 square feet at 901 F St. NW in June, the same month publicly traded Palo Alto cloud computing provider ServiceNow Inc. announced plans to secure more D.C.-area office space after opening an innovation hub at 1717 K St. NW. And San Mateo video game developer Roblox Corp. took about 5,600 square feet at 699 14th St. NW last fall, among others.
It’s not just tech giants that have taken a foothold in D.C. as of late, but key investors, too.
Andreessen Horowitz, a Menlo Park venture capital firm considered among the most prominent in Silicon Valley, signed a sublease for 12,000 square feet at 800 17th St. NW in the summer of 2024, which preceded a similar move by its neighboring investor, The Westly Group — an early backer of electric vehicle maker Tesla Inc. — after it signed a lease at 1701 Rhode Island Ave.