The typical asking rate per listing is in the $70's per square foot per year. The Connecticut Avenue - K Street submarket is going through a a boost in rates. In the last 3 months, the median rate went up $70 per sqft per year.
In the last 90 days, 22 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 155% of the office spaces in the Connecticut Avenue - K Street 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.
Even though the median size is 4,390 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 11 stories. Most buildings in this area were built in 1971 and are Class A.
Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Connecticut Avenue - K Street residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.