On average, listings lease in the $30's per square foot per year. The Old Town region is experiencing a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Washington D.C. market, the Old Town submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 53 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available space in the Old Town are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,830 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 4 stories. Most buildings in this market were built in 1979 and are Class B.
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 public transit is the most popular way to get to work amongst Old Town residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.