Old Town North Office Space

Old Town North

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,620
As of: February 19, 2017

Old Town North Rates

The typical asking rate per listing is in the $30's per square foot per year. The Old Town North region is going through a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 19% decline in rent.

Compared to the rest of the Washington D.C. market, the Old Town North submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Old Town North Listing Supply

In the last 90 days, 3 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,620 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 5 floors. Most buildings in this market were built in 1987 and are Class A.

Old Town North Community

A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Most of the residents of Old Town North work from home. Commuting between 30 and 45 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 North.
Market Report

Market Data

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