On average, listings lease in the $60's per square foot per year. The Northwest Washington submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
In the last 90 days, 67 listings have been posted online, so you'll want to check back regularly for new listings. About 13% of the available leases 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 3,840 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 11 stories. Most buildings in this region were built in 1975 and are Class A.
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 approximately an hour and a half a day is the norm for those who opt to reside in this part of town.