The typical asking rate per listing is in the $30's per square foot per year. The Gateway North submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Washington D.C. market, the Gateway North region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 17 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 12% of the available space in the Gateway North are subleases, so you might be able to snag a great spot on a short term. 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 12,250 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this market were built in 2000 and are Class A.
Public administration is the dominant industry in this region. Most of the folk of Gateway North work from home. Commuting more than an hour and a half 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 Gateway North.
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