On average, listings lease in the $30's per square foot per year. The University Center submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $36 per sqft per year.
Compared to the rest of the Washington D.C. market, the University Center region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 20,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 2005 and are Class A.