Old Town Sublease

Old Town

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,150
As of: February 24, 2017

Old Town Rates

On average, listings lease in the $40's per square foot per year. The Old Town submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 9% increase in rent.

Compared to the rest of the Washington D.C. market, the Old Town region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Old Town Listing Supply

In the last 90 days, 48 listings have come on the market, so you'll want to check back regularly for new listings. 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 2,910 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this region were built in 1978 and are Class B.

Old Town Community

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 area. Commute by public transit is the most popular way to get to work amongst Old Town residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Old Town.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Old Town.
Research