Most listings are in the $50's per square foot per year. The North Central submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $59 per sqft per year.
Compared to the rest of the Washington D.C. market, the North Central submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 189% of the office spaces in the North Central are subleases, so you might be able to snag a great spot on a short term. 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 29,650 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 11 floors. Most buildings in this market were built in 1984 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Most of the occupants of North Central 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.