The typical asking rate per listing is in the $40's per square foot per year. The Old Courthouse submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 24% rise 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, 18 listings have been made available, which means listings most likley are 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 3,520 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 7 stories. Most buildings in this market were built in 1985 and are Class B.
This region is fairly equally mixed residential and commercial. Health care is the dominant industry in this area. 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.