On average, listings lease in the $20's per square foot per year. The South Old Courthouse region is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Washington D.C. market, the South Old Courthouse submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 1 listings have been posted online, which means office spaces most likley are 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.
The standard measurement for office space in this area is around 2,040 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1986 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this region. Most of the occupants of South Old Courthouse work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.