The typical asking rate per listing is in the $30's per square foot per year. The Southwest Quadrant submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $33 per sqft per year.
Compared to the rest of the Washington D.C. market, the Southwest Quadrant region has more expensive 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 listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 200% of the available leases in the Southwest Quadrant are subleases, so you might be able to snag a great spot on a short term. 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 2,700 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this region were built in 1984 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 market. Commute by motorcycle is the most popular way to get to work amongst Southwest Quadrant residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.