Most listings are in the $30's per square foot per year. The Southwest Quadrant submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Washington D.C. market, the Southwest Quadrant submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 150% of the available space in the Southwest Quadrant 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 2,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Southwest Quadrant occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.