Old Town Retail

Old Town

Office Space Market Report

Number of Listings (last 90 days)
42
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
1,750
As of: July 23, 2017

Old Town Rates

On average, listings lease in the $40's per square foot per year. The Old Town region is going through a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 20% decrease in rent.

Compared to the rest of the Washington D.C. market, the Old Town region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Old Town Listing Supply

In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 81% of the office spaces in the Old Town 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.

The standard measurement for office space in this area is around 1,750 sqft. Most buildings in this region are around 3 stories. Most buildings in this area were built in 1969 and are Class B.

Old Town Community

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 public transit is the most popular way to get to work amongst Old Town occupants. Commuting between 20 and 25 minutes 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 Old Town.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Old Town.
Research