The typical asking rate per listing is in the $70's per square foot per year. The Connecticut Avenue - K Street region is seeing a a boost in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 19% rise in rent.
In the last 90 days, 20 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 10% of the office spaces in the Connecticut Avenue - K Street are subleases, so you will probably have to consider a longer term lease. 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 4,690 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 11 floors. Most buildings in this market were built in 1971 and are Class A.
Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Connecticut Avenue - K Street folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.