On average, listings lease in the $30's per square foot per year. The Northwest Old Courthouse region is going through a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Washington D.C. market, the Northwest Old Courthouse submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 9 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,080 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 8 floors. Most buildings in this area were built in 1981 and are Class B.
Public administration is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Northwest Old Courthouse folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.