The typical asking rate per listing is in the $30's per square foot per year. The Gateway North region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
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 listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 13,970 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 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 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.