District of Columbia Municipality Sublease

District of Columbia Municipality

Office Space Market Report

Number of Listings (last 90 days)
56
Median Rate ($/sqft/yr)
$58
Median Size (sqft)
5,830
As of: September 29, 2016

District of Columbia Municipality Rates

Most listings are in the $50's per square foot per year. The District of Columbia Municipality submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.

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

District of Columbia Municipality Listing Supply

In the last 90 days, 63 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the office spaces in the District of Columbia Municipality are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,630 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 10 floors. Most buildings in this region were built in 1976 and are Class A.

District of Columbia Municipality Community

District of Columbia Municipality Submarkets