On average, listings lease in the $30's per square foot per year. The Northwest Old Courthouse submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Washington D.C. market, the Northwest Old Courthouse region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 9 listings have been listed, which means new availabilities 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 3,080 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 8 floors. Most buildings in this area were built in 1981 and are Class B.
Public administration is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Northwest Old Courthouse occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.