On average, listings lease in the $30's per square foot per year. The Old Courthouse submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Washington D.C. market, the Old Courthouse region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 18 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 72% of the available space in the Old Courthouse are subleases, so you might be able to snag a great spot on a short term. 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 3,030 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 7 floors. Most buildings in this market were built in 1984 and are Class B.
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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.