District of Columbia Municipality Office Space

District of Columbia Municipality

Office Space Market Report

Number of Listings (last 90 days)
50
Median Rate ($/sqft/yr)
$60
Median Size (sqft)
5,680
As of: September 24, 2016

District of Columbia Municipality Rates

On average, listings lease in the $60's per square foot per year. The District of Columbia Municipality region is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the Washington D.C. market, the District of Columbia Municipality region has more expensive rates, and you'll need to make a great offer to be in this hot region.

District of Columbia Municipality Listing Supply

In the last 90 days, 50 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the available leases in the District of Columbia Municipality are subleases, so you will probably have to focus your search on direct office leases. 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 5,680 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 10 stories. Most buildings in this region were built in 1976 and are Class A.

District of Columbia Municipality Community

District of Columbia Municipality Submarkets