District of Columbia Municipality Retail

District of Columbia Municipality

Office Space Market Report

Number of Listings (last 90 days)
90
Median Rate ($/sqft/yr)
$54
Median Size (sqft)
3,300
As of: May 20, 2017

District of Columbia Municipality Rates

On average, listings lease in the $50's per square foot per year. The District of Columbia Municipality submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 8% rise in rent.

Compared to the rest of the Washington D.C. market, the District of Columbia Municipality submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

District of Columbia Municipality Listing Supply

In the last 90 days, 90 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available leases in the District of Columbia Municipality are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,300 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 10 stories. Most buildings in this region were built in 1973 and are Class A.

District of Columbia Municipality Community

Market Report

Trends and status of the commercial real estate market in District of Columbia Municipality.
Market Report

Market Data

Real time and historical data on commercial real estate listings in District of Columbia Municipality.
Research

District of Columbia Municipality Submarkets