The typical asking rate per listing is in the $30's per square foot per year. The Old Town North region is going through a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the Washington D.C. market, the Old Town North submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 market are around 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 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.