Most listings are in the $50's per square foot per year. The District of Columbia Municipality region is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Washington D.C. market, the District of Columbia Municipality region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 90 listings have been posted online, so you'll want to check back regularly for new listings. About 1% 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,440 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 10 floors. Most buildings in this region were built in 1976 and are Class A.