On average, listings lease in the $50's per square foot per year. The Washington D.C region is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Washington D.C. market, the Washington D.C submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 89 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Washington D.C are subleases, so you will probably have to consider a longer term lease. 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 5,440 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 10 floors. Most buildings in this market were built in 1976 and are Class A.