Most listings are in the $30's per square foot per year. The Southeast Washington region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 44% decline in rent.
In the last 90 days, 11 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,970 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 9 floors. Most buildings in this region were built in 1987 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.