North Central Office Space

North Central

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
4,730
As of: December 4, 2016

North Central Rates

The typical asking rate per listing is in the $30's per square foot per year. The North Central submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $37 per sqft per year. That's a Inf% increase in rent.

Compared to the rest of the Washington D.C. market, the North Central submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.

North Central Listing Supply

In the last 90 days, 4 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 4,730 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 11 stories. Most buildings in this market were built in 1984 and are Class A.

North Central Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the folk of North Central work from home. 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 North Central.
Market Report

Market Data

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