On average, listings lease in the $30's per square foot per year. The Southwest Quadrant submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $33 per sqft per year.
Compared to the rest of the Washington D.C. market, the Southwest Quadrant submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the listings in the Southwest Quadrant are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Southwest Quadrant occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.