Newington Industrial

Newington

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
33,040
As of: June 26, 2017

Newington Rates

On average, listings lease in the $20's per square foot per year. The Newington submarket is going through a a boost in rates. In the last 3 months, the median rate went up $22 per sqft per year.

Compared to the rest of the Washington D.C. market, the Newington region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Newington Listing Supply

In the last 90 days, 3 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 200% of the available space in the Newington 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 posted, so finding a space for a small business might be tough.

Even though the median size is 33,040 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this region were built in 1982 and are Class B.

Newington Community

Market Report

Trends and status of the commercial real estate market in Newington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Newington.
Research