The typical asking rate per listing is in the $0's per square foot per year. The Watergate region is going through a decrease in rates. In the last 3 months, the median rate decreased $62 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 29 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Watergate are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 90 sqft. Most properties in this area are close to 16 floors. Most buildings in this market were built in 1985 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Watergate residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.