Northwest Washington Industrial

Northwest Washington

Office Space Market Report

Number of Listings (last 90 days)
75
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
3,940
As of: August 19, 2017

Northwest Washington Rates

The typical asking rate per listing is in the $50's per square foot per year. The Northwest Washington submarket is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 9% decrease in rent.

Northwest Washington Listing Supply

In the last 90 days, 75 listings have been made available, so you'll want to check back regularly for new listings. About 63% of the office spaces in the Northwest Washington 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,940 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 10 floors. Most buildings in this region were built in 1973 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 close to 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