The typical asking rate per listing is in the $30's per square foot per year. The Southwest Quadrant region is experiencing a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 32% rise in rent.
Compared to the rest of the Washington D.C. market, the Southwest Quadrant submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,420 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Southwest Quadrant residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.