North Central Sublease

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North Central

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
4,730
As of: December 2, 2016

North Central Rates

On average, listings lease in the $30's per square foot per year. The North Central submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $37 per sqft per year. That's a Inf% rise in rent.

Compared to the rest of the Washington D.C. market, the North Central region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

North Central Listing Supply

In the last 90 days, 6 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available space in the North Central 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,730 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 11 stories. Most buildings in this market were built in 1984 and are Class A.

North Central Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the folk 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.

Market Report

Trends and status of the commercial real estate market in North Central.
Market Report

Market Data

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