Most listings are in the $40's per square foot per year. The Old Courthouse region is seeing a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the Washington D.C. market, the Old Courthouse 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, 27 listings have been made available, which means listings most likley are leasing quickly. 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 4,730 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 7 floors. Most buildings in this region were built in 1985 and are Class A.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Old Courthouse folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.