The typical asking rate per listing is in the $30's per square foot per year. The Braddock Road Metro submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Washington D.C. market, the Braddock Road Metro region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 400% of the available leases in the Braddock Road Metro 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,700 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1960 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Braddock Road Metro occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.