On average, listings lease in the $30's per square foot per year. The Gateway North region is experiencing a a rise in rates. In the last 3 months, the median rate went up $36 per sqft per year.
Compared to the rest of the Washington D.C. market, the Gateway North submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 0 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About Inf% of the available space in the Gateway North 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 available, so finding a space for a small business might be tough.
Even though the median size is 27,240 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 5 floors. Most buildings in this region were built in 2000 and are Class A.
Public administration is the dominant industry in this region. Most of the occupants of Gateway North work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.