On average, listings lease in the $70's per square foot per year. The Connecticut Avenue - K Street region is seeing a an increase in rates. In the last 3 months, the median rate rose $70 per sqft per year.
In the last 90 days, 22 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 109% of the office spaces in the Connecticut Avenue - K Street 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 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 leases below 2,000 sqft. Most properties in this area are around 11 stories. Most buildings in this region were built in 1971 and are Class A.
Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Connecticut Avenue - K Street occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.