On average, listings lease in the $30's per square foot per year. The Southeast Washington region is seeing a decline in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 44% decrease in rent.
In the last 90 days, 11 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,970 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 9 floors. Most buildings in this region were built in 1987 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Southeast Washington folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.