Washington Retail

Washington

Office Space Market Report

Number of Listings (last 90 days)
47
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,000
As of: February 24, 2017

Washington Rates

On average, listings lease in the $10's per square foot per year. The Washington submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.

Washington Listing Supply

In the last 90 days, 47 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Washington are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 1988 and are Class B.

Washington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Washington residents. Commuting under 5 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 Washington.
Market Report

Market Data

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