Old Town North Sublease

Old Town North

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
2,620
As of: March 11, 2017

Old Town North Rates

Most listings are in the $30's per square foot per year. The Old Town North submarket is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 13% decline 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 region.

Old Town North Listing Supply

In the last 90 days, 4 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% 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 2,620 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 5 floors. Most buildings in this region were built in 1987 and are Class A.

Old Town North Community

A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Most of the folk 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