The typical asking rate per listing is in the $50's per square foot per year. The Dupont Circle submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $22 per sqft per year. That's a 29% decline in rent.
In the last 90 days, 23 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 9% of the listings in the Dupont Circle are subleases, so you will probably have to consider a longer term lease. 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 availabilities below 2,000 sqft. Most buildings in this area are close to 11 stories. Most buildings in this area were built in 1970 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Dupont Circle occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.