On average, listings lease in the $40's per square foot per year. The Old Courthouse submarket is going through a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the Washington D.C. market, the Old Courthouse region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 16 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 4,420 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 7 floors. Most buildings in this region were built in 1985 and are Class A.
This region is fairly equally mixed residential and commercial. Health care is the dominant industry in this region. 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.