The typical asking rate per listing is in the $30's per square foot per year. The North Central region is going through a an increase in rates. In the last 3 months, the median rate rose $37 per sqft per year.
Compared to the rest of the Washington D.C. market, the North Central submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,730 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 11 stories. Most buildings in this area were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the residents of North Central work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.