Compared to the rest of the Washington D.C. market, the Colonial Village submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Colonial Village are subleases, so you might be able to find a shorter term or below market rent. 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 7,842 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Colonial Village occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.