Northeast Washington Office Space

1 Franklin St NE Unit West (Floor 5)
LeDroit Park - Bloomingdale, Washington,

Northeast Washington

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
900
As of: June 25, 2017

Northeast Washington Rates

The typical asking rate per listing is in the $40's per square foot per year. The Northeast Washington submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $44 per sqft per year.

Northeast Washington Listing Supply

In the last 90 days, 3 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 700% of the available space in the Northeast Washington are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 900 sqft. Most buildings in this region are around 4 stories. Most buildings in this area were built in 1964 and are Class A.

Northeast Washington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Northeast Washington occupants. Commuting between 20 and 25 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 Northeast Washington.
Market Report

Market Data

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