On average, listings lease in the $60's per square foot per year. The Northwest Washington region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
In the last 90 days, 66 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the available leases in the Northwest Washington are subleases, so you might be able to find a shorter term or below market rent. 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 3,829 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 11 floors. Most buildings in this area 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. Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Northwest Washington folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.