On average, listings lease in the $60's per square foot per year. The District of Columbia Municipality region is going through a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Washington D.C. Area market, the District of Columbia Municipality submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1426 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the District of Columbia Municipality are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,890 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 10 floors. Most buildings in this area were built in 1972 and are Class A.
Real time and historical data on commercial real estate listings in District of Columbia Municipality.
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