Georgetown Office Space

Georgetown

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
3,470
As of: June 23, 2017

Georgetown Rates

The typical asking rate per listing is in the $40's per square foot per year. The Georgetown submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $49 per sqft per year.

Georgetown Listing Supply

In the last 90 days, 3 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 267% of the available space in the Georgetown 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,470 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 5 stories. Most buildings in this market were built in 1975 and are Class A.

Georgetown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Georgetown folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Georgetown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Georgetown.
Research