Most listings are in the $50'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 $11 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Washington D.C. market, the Old Town region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 42 listings have come on the market, so you'll want to check back regularly for new listings. 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 2,910 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 4 floors. Most buildings in this region were built in 1978 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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.