The typical asking rate per listing is in the $30's per square foot per year. The South Old Courthouse region is going through a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Washington D.C. market, the South Old Courthouse region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 25 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 28% of the listings in the South Old Courthouse are subleases, so you might be able to find a shorter term or below market rent. 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 office spaces below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this area were built in 1985 and are Class B.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Most of the folk of South Old Courthouse work from home. 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 South Old Courthouse.
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