South Old Courthouse Retail

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South Old Courthouse

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

South Old Courthouse Rates

Most listings are in the $30's per square foot per year. The South Old Courthouse submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 17% rise in rent.

Compared to the rest of the Washington D.C. market, the South Old Courthouse region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

South Old Courthouse Listing Supply

In the last 90 days, 4 listings have been listed, which means office spaces might be leasing quickly. 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.

Even though the median size is 3,390 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this area were built in 1986 and are Class B.

South Old Courthouse Community

A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this area. Most of the residents of South Old Courthouse work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.