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 $6 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Washington D.C. market, the Old Town North region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,620 sqft, there are still 0 listings below 2,000 sqft. Most properties 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 region is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. 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.