The typical asking rate per listing is in the $30's per square foot per year. The Old Town North submarket is going through a an increase in rates. In the last 3 months, the median rate went up $36 per sqft per year.
Compared to the rest of the Washington D.C. market, the Old Town North submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 200% of the listings in the Old Town North 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,620 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 5 stories. Most buildings in this region were built in 1987 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Most of the folk 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.