The typical asking rate per listing is in the $10's per square foot per year. The Lettered Streets submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 1 listings have been listed, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,730 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1970.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Lettered Streets residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.