Northwest Washington Retail

Northwest Washington

Office Space Market Report

Number of Listings (last 90 days)
75
Median Rate ($/sqft/yr)
$54
Median Size (sqft)
3,580
As of: May 18, 2017

Northwest Washington Rates

Most listings are in the $50's per square foot per year. The Northwest Washington submarket is going through a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 5% increase in rent.

Northwest Washington Listing Supply

In the last 90 days, 75 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available leases in the Northwest Washington are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,580 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 10 stories. Most buildings in this area were built in 1974 and are Class A.

Northwest Washington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Northwest Washington 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.

Market Report

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

Market Data

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