The typical asking rate per listing is in the $40's per square foot per year. The Old Courthouse region is seeing a an increase in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 42% rise in rent.
Compared to the rest of the Washington D.C. market, the Old Courthouse region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 175 listings have been made available, so you'll want to check back regularly for new listings. About 9% of the available space in the Old Courthouse are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 6,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 7 floors. Most buildings in this area were built in 1984 and are Class B.
Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Old Courthouse folk. Commuting between 30 and 45 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 Old Courthouse.
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