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The typical asking rate per commerial real estate listing leases is in the $40's per square foot per year. The Ten Thousand Village region is going through a a rise in rates. In the last 3 months, the median rate for lease rose $12 per sqft per year. That's a 35% rise in rent.
Compared to the rest of the Washington D.C. Area commercial real estate market, the Ten Thousand Village submarket 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, 59 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 660 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built approximately 1890 and are Class C.
A large portion of this area is residential, but there's plenty of office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Ten Thousand Village work from home. Commuting approximately 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 Ten Thousand Village.
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