Most listings are in the $70's per square foot per year. The Connecticut Avenue - K Street submarket is going through a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 7% increase in rent.
In the last 90 days, 22 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 64% of the available space in the Connecticut Avenue - K Street are subleases, so you might be able to snag a great spot on a short term. 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 5,990 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 11 floors. 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 occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.