The typical asking rate per listing is in the $30's per square foot per year. The Northwest Old Courthouse submarket is going through a an increase in rates. In the last 3 months, the median rate increased $34 per sqft per year.
Compared to the rest of the Washington D.C. market, the Northwest Old Courthouse submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 16 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,240 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 8 stories. Most buildings in this market were built in 1984 and are Class A.
Public administration is the dominant industry in this region. 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.