On average, listings lease in the $60's per square foot per year. The District of Columbia Municipality region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Washington D.C. market, the District of Columbia Municipality submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 75 listings have been listed, so you'll want to check back regularly for new listings. About 12% of the available leases in the District of Columbia Municipality are subleases, so you might be able to sign a shorter term by taking over a previous 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.
Even though the median size is 3,840 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 10 stories. Most buildings in this area were built in 1976 and are Class A.