On average, listings lease in the $40's per square foot per year. The Georgetown submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $49 per sqft per year.
In the last 90 days, 3 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 267% of the available space in the Georgetown 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,470 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 5 floors. Most buildings in this region were built in 1975 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Georgetown folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.