On average, listings lease in the $70's per square foot per year. The Connecticut Avenue - K Street region is seeing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 22 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the office spaces in the Connecticut Avenue - K Street are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,840 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 11 stories. Most buildings in this area were built in 1971 and are Class A.
Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Connecticut Avenue - K Street residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.