On average, listings lease in the $60's per square foot per year. The Capitol Hill region is seeing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 68 listings have been listed, so you'll want to check back regularly for new listings. About 12% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 70,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 5 floors. Most buildings in this region were built in 1914 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Capitol Hill residents. Commuting close to 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 Capitol Hill.
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