On average, listings lease in the $30's per square foot per year. The Northwest Old Courthouse region is seeing a a rise in rates. In the last 3 months, the median rate went up $34 per sqft per year.
Compared to the rest of the Washington D.C. market, the Northwest Old Courthouse region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 17 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,730 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 8 stories. Most buildings in this region were built in 1984 and are Class A.
Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Northwest Old Courthouse occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.