On average, listings lease in the $20's per square foot per year. The University Center region is experiencing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Washington D.C. market, the University Center region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 listings have been posted online, which means new availabilities most likley are 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.
Even though the median size is 18,350 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 1 floors. Most buildings in this market were built in 2006 and are Class A.