Most listings are in the $70's per square foot per year. The Connecticut Avenue - K Street submarket is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 22 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the available space in the Connecticut Avenue - K Street 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,840 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 11 floors. Most buildings in this region were built in 1971 and are Class A.
Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Connecticut Avenue - K Street folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.