On average, listings lease in the $30's per square foot per year. The Ten Thousand Village region is seeing a a boost in rates. In the last 3 months, the median rate went up $34 per sqft per year.
Compared to the rest of the Washington D.C. market, the Ten Thousand Village region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 71% of the available space in the Ten Thousand Village 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 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 leases below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1920 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Ten Thousand Village work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.