The typical asking rate per listing is in the $30's per square foot per year. The Old Town region is seeing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Washington D.C. market, the Old Town region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 54 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Old Town are subleases, so you will probably have to focus your search on direct office leases. 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 2,830 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this region were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Old Town folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.