On average, listings lease in the $10's per square foot per year. The Foxhall submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 26% decline in rent.
In the last 90 days, 27 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the office spaces in the Foxhall 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 18,590 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this area were built in 1989 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Foxhall occupants. Commuting under 5 minutes 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 Foxhall.
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