The typical asking rate per listing is in the $60's per square foot per year. The Washington D.C submarket is going through a a rise in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the Washington D.C. Area market, the Washington D.C submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1426 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available leases in the Washington D.C 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,180 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 10 floors. Most buildings in this area were built in 1972 and are Class A.
Real time and historical data on commercial real estate listings in Washington D.C.
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