The typical asking rate per listing is in the $20's per square foot per year. The Capitol Hill region is experiencing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 22% increase in rent.
In the last 90 days, 39 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 18% of the office spaces in the Capitol Hill 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 1,820 sqft. Most properties in this market are around 6 stories. Most buildings in this region were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Most of the occupants of Capitol Hill work from home. Commuting close to 10 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 Capitol Hill.
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