Most listings are in the $30's per square foot per year. The Northwest Old Courthouse submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Washington D.C. market, the Northwest Old Courthouse submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,410 sqft. Most properties in this area are approximately 8 floors. Most buildings in this market were built in 1983 and are Class B.
Public administration is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Northwest Old Courthouse occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.