District of Columbia Municipality Office Space

District of Columbia Municipality

Office Space Market Report

Number of Listings (last 90 days)
88
Median Rate ($/sqft/yr)
$62
Median Size (sqft)
5,970
As of: February 26, 2017

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 decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 11% decline in rent.

Compared to the rest of the Washington D.C. market, the District of Columbia Municipality submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

District of Columbia Municipality Listing Supply

In the last 90 days, 89 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the District of Columbia Municipality 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.

Even though the median size is 5,700 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 10 stories. Most buildings in this area were built in 1976 and are Class A.

District of Columbia Municipality Community

Market Report

Trends and status of the commercial real estate market in District of Columbia Municipality.
Market Report

Market Data

Real time and historical data on commercial real estate listings in District of Columbia Municipality.
Research

District of Columbia Municipality Submarkets