Georgetown Retail

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Georgetown

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$52
Median Size (sqft)
2,040
As of: July 23, 2017

Georgetown Rates

Most listings are in the $50's per square foot per year. The Georgetown region is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 7% increase in rent.

Georgetown Listing Supply

In the last 90 days, 3 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the listings in the Georgetown are subleases, so you might be able to sign a shorter term by taking over a previous 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.

The standard measurement for office space in this area is around 2,040 sqft. Most buildings in this market are approximately 5 stories. Most buildings in this market were built in 1975 and are Class A.

Georgetown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Georgetown occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Georgetown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Georgetown.
Research