The typical asking rate per listing is in the $60's per square foot per year. The Southeast Washington submarket is going through a a rise in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 37% rise in rent.
In the last 90 days, 4 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 7,560 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 9 floors. Most buildings in this area 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 market. Commute by bike is the most popular way to get to work amongst Southeast Washington occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.