Most listings are in the $30's per square foot per year. The Old Town North submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Washington D.C. market, the Old Town North region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available space 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,480 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 5 stories. Most buildings in this market were built in 1987 and are Class A.
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 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.