On average, listings lease in the $50's per square foot per year. The Ten Thousand Village submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $26 per sqft per year. That's a 90% increase in rent.
Compared to the rest of the Washington D.C. market, the Ten Thousand Village region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,490 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market were built in 1930 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the residents of Ten Thousand Village work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.