On average, listings lease in the $30's per square foot per year. The Watson Street submarket is going through a a boost in rates. In the last 3 months, the median rate increased $32 per sqft per year.
Compared to the rest of the Washington D.C. market, the Watson Street submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have come on the market, which means office spaces might be going fast. 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 1,890 sqft. Most properties in this region are around 13 floors. Most buildings in this area were built in 1972 and are Class B.
Public administration is the dominant industry in this market. Most of the folk of Watson Street work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.