The typical asking rate per listing is in the $30's per square foot per year. The Adams Morgan region is experiencing a a rise in rates. In the last 3 months, the median rate increased $37 per sqft per year.
In the last 90 days, 11 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,110 sqft. Most buildings in this area are close to 12 floors. Most buildings in this area were built in 1940 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Adams Morgan folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Adams Morgan.
Get email notifications when new listings are posted that match your requirements.