Market Square I - Space Availability

Market Square I, Washington, DC 20004 - Office Space for rent

Market Square I is located at 701 Pennsylvania Avenue NW in the Penn Quarter neighborhood, DC, Washington, 20004. The Class A+ Office building was completed in 1990 and features a total of 374,499 Sqft. There are 5 Office spaces available for lease at 701 Pennsylvania Avenue NW, Washington, DC, 20004, totaling 20,706 Sqft. The largest space available has 6,083 Sqft and a rental rate of $55 - $56/Sqft/Yearly.

There are 328 office spaces for lease in the Penn Quarter neighborhood, totaling 4,919,630 Sqft of available office space. The office space availability for the 20004 zip code is 2,574,848 Sqft, in 205 office spaces. The average asking office rent per sq. ft. in Penn Quarter is $7.13/sqft/year. For Class A+ office buildings the average office rate is $15.93/sqft/year, for Class A office buildings the average office rate is $6.05/sqft/year, for Class B office buildings the average office rate is $6.62/sqft/year.

In Penn Quarter, there are 15 class A+ office buildings. In Penn Quarter, there are a total of 37 LEED certified office buildings. In 1990, the same year Market Square I was built, 78 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Washington, featuring 3,705,383 square feet of commercial space.