The typical asking rate per listing is in the $50's per square foot per year. The District of Columbia Municipality submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Washington D.C. market, the District of Columbia Municipality region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 90 listings have been made available, so you'll want to check back regularly for new listings. About 66% of the available leases in the District of Columbia Municipality are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 10 floors. Most buildings in this area were built in 1973 and are Class A.