The typical asking rate per listing is in the $0's per square foot per year. The Connecticut Avenue - K Street submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $79 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 22 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most properties in this area are approximately 11 stories. Most buildings in this area 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 occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.