Old Town North Sublease

Old Town North

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
3,040
As of: December 7, 2016

Old Town North Rates

The typical asking rate per listing is in the $40's per square foot per year. The Old Town North submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 24% increase in rent.

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

Old Town North Listing Supply

In the last 90 days, 9 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 11% of the listings in the Old Town North are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,040 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 5 stories. Most buildings in this area were built in 1987 and are Class A.

Old Town North Community

A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Most of the residents of Old Town North work from home. Commuting between 30 and 45 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 North.
Market Report

Market Data

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