On average, listings lease in the $30's per square foot per year. The Gateway North region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Washington D.C. market, the Gateway North region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 11,880 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 5 stories. Most buildings in this area were built in 2000 and are Class A.
Public administration is the dominant industry in this area. Most of the residents 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.