Northwest Washington Retail

1638 R St NW Floor 2
Dupont Circle, Washington,

Northwest Washington

Office Space Market Report

Number of Listings (last 90 days)
75
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
3,940
As of: August 18, 2017

Northwest Washington Rates

On average, listings lease in the $50's per square foot per year. The Northwest Washington submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 9% decrease in rent.

Northwest Washington Listing Supply

In the last 90 days, 75 listings have come on the market, so you'll want to check back regularly for new listings. About 97% of the listings in the Northwest Washington 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 10 stories. Most buildings in this market were built in 1973 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 area. 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