Most listings are in the $0's per square foot per year. The Navy Yard submarket is going through a decrease in rates. In the last 3 months, the median rate fell $55 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 4 listings have been listed, which means leases are probably 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.
Even though the median size is 22,090 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 9 stories. Most buildings in this region were built in 2009 and are Class A.
Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Navy Yard folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.