On average, listings lease in the $30's per square foot per year. The Pendleton Park submarket is going through a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Washington D.C. market, the Pendleton Park region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 0 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the Pendleton Park 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,520 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this area were built in 1960 and are Class B.
Public administration is the dominant industry in this region. 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.