Connecticut Avenue - K Street Sublease

Connecticut Avenue - K Street

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$70
Median Size (sqft)
3,840
As of: May 19, 2017

Connecticut Avenue - K Street Rates

On average, listings lease in the $70's per square foot per year. The Connecticut Avenue - K Street region is seeing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 8% decline in rent.

Connecticut Avenue - K Street Listing Supply

In the last 90 days, 22 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the office spaces in the Connecticut Avenue - K Street 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 3,840 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 11 stories. Most buildings in this area were built in 1971 and are Class A.

Connecticut Avenue - K Street Community

Finance and insurance are the dominant industries in this area. 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.

Market Report

Trends and status of the commercial real estate market in Connecticut Avenue - K Street.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Connecticut Avenue - K Street.
Research