The typical asking rate per listing is in the $30's per square foot per year. The South Old Courthouse submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Washington D.C. market, the South Old Courthouse region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means new listings might be 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 posted, so finding a space for a small business might be tough.
Even though the median size is 13,700 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1986 and are Class B.
A large portion of this region 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 approximately an hour and a half a day is the norm for those who opt to reside in this part of town.