The typical asking rate per listing is in the $30's per square foot per year. The Ten Thousand Village region is seeing a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the Washington D.C. market, the Ten Thousand Village submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 3,280 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 4 floors. Most buildings in this market were built in 1927 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the folk of Ten Thousand Village work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.