The typical asking rate per listing is in the $30's per square foot per year. The Old Courthouse submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the Washington D.C. market, the Old Courthouse region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 19 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,520 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 7 stories. Most buildings in this area were built in 1985 and are Class A.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Old Courthouse occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.