Capitol Hill Office Space

Capitol Hill

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
1,820
As of: August 21, 2017

Capitol Hill Rates

The typical asking rate per listing is in the $20's per square foot per year. The Capitol Hill submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 22% increase in rent.

Capitol Hill Listing Supply

In the last 90 days, 4 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 150% of the listings in the Capitol Hill are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,820 sqft. Most buildings in this market are around 6 stories. Most buildings in this area were built in 1939 and are Class B.

Capitol Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Most of the residents of Capitol Hill work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Capitol Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Capitol Hill.
Research