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)
4,500
As of: July 22, 2017

Northwest Washington Rates

Most listings are in the $50's per square foot per year. The Northwest Washington region is experiencing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 10% increase 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 143% of the office spaces 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 10 floors. 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 market. Commute by bike is the most popular way to get to work amongst Northwest Washington folk. 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