The typical asking rate per listing is in the $70's per square foot per year. The Connecticut Avenue - K Street region is going through a an increase in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 19% increase in rent.
In the last 90 days, 22 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the listings in the Connecticut Avenue - K Street are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,210 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 11 floors. Most buildings in this region were built in 1971 and are Class A.
Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Connecticut Avenue - K Street residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.