The typical asking rate per listing is in the $40's per square foot per year. The Old Courthouse region is experiencing a a rise in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 24% rise in rent.
Compared to the rest of the Washington D.C. market, the Old Courthouse submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 18 listings have been posted online, which means listings 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 on the market, 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 properties in this market are close to 7 floors. Most buildings in this market were built in 1985 and are Class B.
This market 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.