The typical asking rate per listing is in the $70's per square foot per year. The Southeast Washington submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 19% rise in rent.
In the last 90 days, 11 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 55% of the office spaces in the Southeast Washington 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 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 leases below 2,000 sqft. Most buildings in this region are close to 9 floors. Most buildings in this market were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Southeast Washington occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.