On average, listings lease in the $60's per square foot per year. The District of Columbia Municipality region is going through a a boost in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the Washington D.C. Area market, the District of Columbia Municipality region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1426 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available leases in the District of Columbia Municipality 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,180 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 10 stories. Most buildings in this area were built in 1972 and are Class A.
Real time and historical data on commercial real estate listings in District of Columbia Municipality.
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