Northwest Washington Industrial

Northwest Washington

Office Space Market Report

Number of Listings (last 90 days)
75
Median Rate ($/sqft/yr)
$62
Median Size (sqft)
5,060
As of: March 12, 2017

Northwest Washington Rates

Most listings are in the $60's per square foot per year. The Northwest Washington submarket is going through a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 16% decrease in rent.

Northwest Washington Listing Supply

In the last 90 days, 75 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available space in the Northwest Washington 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,060 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 11 stories. Most buildings in this area were built in 1975 and are Class A.

Northwest Washington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Northwest Washington folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Northwest Washington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northwest Washington.
Research