On average, listings lease in the $60's per square foot per year. The Connecticut Avenue - K Street region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 1% decrease in rent.
In the last 90 days, 21 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 14% of the available space in the Connecticut Avenue - K Street are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 10,930 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 11 stories. Most buildings in this market 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 occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.