Northwest Washington Office Space

Northwest Washington

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 24, 2016

Northwest Washington Rates

The typical asking rate per listing is in the $60's per square foot per year. The Northwest Washington region is experiencing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 6% rise in rent.

Northwest Washington Listing Supply

In the last 90 days, 52 listings have been made available, so you'll want to check back regularly for new listings. About 12% of the available space in the Northwest 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,800 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 11 floors. Most buildings in this market were built in 1975 and are Class A.

Northwest Washington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Northwest Washington folk. Commuting around an hour and a half 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 Northwest Washington.
Market Report

Market Data

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