The typical asking rate per listing is in the $30's per square foot per year. The Watson Street region is seeing a a rise in rates. In the last 3 months, the median rate went up $32 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Washington D.C. market, the Watson Street region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 2 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,890 sqft. Most properties in this area are around 13 floors. Most buildings in this area were built in 1972 and are Class B.
Public administration is the dominant industry in this region. Most of the residents of Watson Street work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.