Most listings are in the $60's per square foot per year. The Connecticut Avenue - K Street submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decline in rent.
In the last 90 days, 21 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 14% of the available leases in the Connecticut Avenue - K Street are subleases, so you might be able to find a shorter term or below market rent. 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 10,930 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 11 stories. Most buildings in this region 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 around an hour and a half a day is the norm for those who opt to reside in this part of town.