Northwest Washington Office Space

Northwest Washington

Office Space Market Report

Number of Listings (last 90 days)
76
Median Rate ($/sqft/yr)
$62
Median Size (sqft)
6,440
As of: February 28, 2017

Northwest Washington Rates

The typical asking rate per listing is in the $60's per square foot per year. The Northwest Washington submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 11% decrease in rent.

Northwest Washington Listing Supply

In the last 90 days, 73 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Northwest Washington are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 7,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 11 stories. 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 area. Commute by bike is the most popular way to get to work amongst Northwest Washington occupants. Commuting approximately 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.
Research