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, 8 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Old Town North are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,560 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 5 floors. Most buildings in this region 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 area. 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.