Northwest Washington Office Space

1638 R St NW Floor 2
Dupont Circle, Washington,

Northwest Washington

Office Space Market Report

Number of Listings (last 90 days)
75
Median Rate ($/sqft/yr)
$61
Median Size (sqft)
4,380
As of: June 27, 2017

Northwest Washington Rates

The typical asking rate per listing is in the $50's per square foot per year. The Northwest Washington submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $59 per sqft per year.

Northwest Washington Listing Supply

In the last 90 days, 75 listings have come on the market, so you'll want to check back regularly for new listings. About 191% of the listings in the Northwest Washington 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,170 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 10 stories. Most buildings in this region were built in 1973 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 occupants. Commuting close to 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