Most listings are in the $30's per square foot per year. The Old Town North submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Washington D.C. market, the Old Town North submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,620 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 5 floors. Most buildings in this market 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 market. Most of the folk 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.