Old Town Office Space

Old Town

Office Space Market Report

Number of Listings (last 90 days)
274
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
2,070
As of: August 22, 2017

Old Town Rates

Most listings are in the $40's per square foot per year. The Old Town region is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 6% increase in rent.

Compared to the rest of the Washington D.C. market, the Old Town submarket has greater rates, and you'll need to make a great offer to be in this hot region.

Old Town Listing Supply

In the last 90 days, 42 listings have been made available, so you'll want to check back regularly for new listings. About 64% of the available leases in the Old Town are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,070 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1969 and are Class B.

Old Town Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Old Town occupants. Commuting between 20 and 25 minutes 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 Old Town.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Old Town.
Research