Find Old Town commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Old Town commercial real estate broker in Old Town's Top Broker Directory. Learn about Old Town commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.
Most commerial real estate listings for lease are in the $30's per square foot per year. The Old Town region is experiencing a decline in rates. In the last 3 months, the median rate for lease decreased $6 per sqft per year.
Compared to the rest of the Washington D.C. Area commercial real estate market, the Old Town region has more expensive rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 90 days, 274 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Old Town are subleases, so you will probably have to consider a longer term 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.
The standard size for office space in this area is around 2,080 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built around 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Old Town folk. Commuting between 20 and 25 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 Town.
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