Capitol Hill Sublease

Capitol Hill

Office Space Market Report

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

Capitol Hill Rates

The typical asking rate per listing is in the $20's per square foot per year. The Capitol Hill region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decrease in rent.

Capitol Hill Listing Supply

In the last 90 days, 5 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the Capitol Hill are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,480 sqft. Most properties in this area are around 6 stories. Most buildings in this area were built in 1929 and are Class B.

Capitol Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Most of the residents of Capitol Hill work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.