The typical asking rate per listing is in the $30's per square foot per year. The Gateway North region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Washington D.C. market, the Gateway North submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 0 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Gateway North 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 13,970 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 5 stories. Most buildings in this area were built in 2000 and are Class A.
Public administration is the dominant industry in this region. Most of the occupants of Gateway North work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.