Old Town Industrial

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Old Town

Market Report

Number of Listings
Posted in the last 90 days
24
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
2,020

Old Town Rates

The typical asking rate per listing is in the $40's per square foot per year. The Old Town region is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Washington D.C. market, the Old Town region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Old Town Listing Supply

In the last 90 days, 274 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the available space in the Old Town are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,020 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1969 and are Class B.

Old Town Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Old Town occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Old Town.
Research