North Central Office Space

North Central

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
29,650
As of: July 23, 2017

North Central Rates

Most listings are in the $50's per square foot per year. The North Central submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $59 per sqft per year.

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

North Central Listing Supply

In the last 90 days, 9 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 189% of the office spaces in the North Central are subleases, so you might be able to snag a great spot on a short term. 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 29,650 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 11 floors. Most buildings in this market were built in 1984 and are Class A.

North Central Community

A large portion of this region is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Most of the occupants 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