Washington Office Space

Washington

Office Space Market Report

Number of Listings (last 90 days)
44
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,250
As of: December 6, 2016

Washington Rates

The typical asking rate per listing is in the $10's per square foot per year. The Washington submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 21% decrease in rent.

Washington Listing Supply

In the last 90 days, 44 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Washington are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,250 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1988 and are Class B.

Washington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Washington occupants. Commuting under 5 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 Washington.
Market Report

Market Data

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