The typical asking rate per listing is in the $0's per square foot per year. The Navy Yard submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $55 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 4 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 22,090 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 9 stories. Most buildings in this market were built in 2009 and are Class A.
Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Navy Yard residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.