Colonial Village Office Space

Colonial Village

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$62
Median Size (sqft)
8,350
As of: March 12, 2017

Colonial Village Rates

On average, listings lease in the $60's per square foot per year. The Colonial Village submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the Washington D.C. market, the Colonial Village region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Colonial Village Listing Supply

In the last 90 days, 12 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 8,350 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market were built in 1988 and are Class A.

Colonial Village Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Colonial Village folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Colonial Village.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Colonial Village.
Research