Most listings are in the $30's per square foot per year. The Pendleton Park submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Washington D.C. market, the Pendleton Park region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means new listings are probably leasing quickly. 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.
The standard measurement for office space in this area is around 1,970 sqft. Most properties in this market are around 5 floors. Most buildings in this area were built in 1965 and are Class A.
Public administration is the dominant industry in this area. Most of the occupants of Pendleton Park work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.