On average, listings lease in the $40's per square foot per year. The Old Town North region is going through a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the Washington D.C. market, the Old Town North submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 10 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 10% of the available leases in the Old Town North 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 2,700 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 5 floors. Most buildings in this area were built in 1987 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Most of the residents of Old Town North work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.