Old Town Retail

Old Town

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 28, 2016

Old Town Rates

On average, listings lease in the $30's per square foot per year. The Old Town submarket is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 17% decrease in rent.

Compared to the rest of the Washington D.C. market, the Old Town submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Old Town Listing Supply

In the last 90 days, 25 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 5 floors. Most buildings in this market were built in 1979 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 region. 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.

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.