Arizona State rents more space in DC to accommodate growth

PHOENIX (AP) — Arizona State University is adding more space to its operations in Washington, D.C., as school officials say enrollment in the nation's capital has grown faster than expected.

The Arizona Republic reports the Arizona Board of Regents on Thursday approved a lease for another 8,400-square-foot (780-square-meter) space near the 32,000-square-foot (2,973-square-meter) building Arizona State already has near the White House.

The lease will cost the university about $542,000 in the first year of full rent payments. The rent will increase 2.5 percent each year.

The lease term will be between 10 to 12 years, with an option to terminate it after the fifth year.