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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Old Courthouse submarket is going through a decline in rates. In the last 3 months, the median rate for lease decreased $5 per sqft per year.
Compared to the rest of the Washington D.C. Area commercial real estate market, the Old Courthouse submarket has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 175 commercial real estate listings have come on the market, 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 2,540 sqft. Most properties in this market are around 7 stories. Most buildings in this region were built close to 1984 and are Class B.
Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Old Courthouse occupants. 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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