Highlights
- The average rent for office space in Washington is $52.57 per square foot, 1.35% lower compared to the previous year.
- The market’s vacancy rate stands at 20.81%, higher than the state average of District of Columbia, which is 20.81%.
- Renting Class A/A+ office space here costs $56.72 per square foot, while Class B averages $47.23 and Class C stands at $34.96.
- 384,847 square feet is currently under construction.
2025 Office Space Rent & Sales
- $52.57 2025 Avg. Asking Rent
- -1.35% Y-o-Y Avg. Asking Rent Change
- 20.81% 2025 Office Vacancy Rate
- $2.2B2025 Total Office Sales
- $262.84Avg. Sale Price/SF
What is the average asking rent price for office space in Washington?
Average asking rents for office space here stand at $52.57 per square foot. The local office market recorded an average vacancy rate of 20.81% in 2025, unchanged from 20.81% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $2.2B across 41 sales. These transactions commanded an average sale price per square foot of $262.84.
Washington, DC Office Asking Rents by Class
What is the average office rent per square foot by property class in Washington?
- Avg. Asking Rent Class A & A+$56.72
- Avg. Asking Rent Class B$47.23
- Avg. Asking Rent Class C$34.96
The average asking rent for Class A and A+ office space stood at $56.72 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Washington averaged $47.23 per square foot, while the average for Class C space was $34.96 per square foot.
What is the average office rent per square foot by property class in DC?
- Avg. Asking Rent Class A & A+$56.72
- Avg. Asking Rent Class B$47.23
- Avg. Asking Rent Class C$34.96
For comparison, the average rent for Class A and A+ office space in District of Columbia was $56.72 per square foot. The state-wide average for Class B space was $47.23 per square foot, and Class C office spaces averaged $34.96 per square foot.
Washington, DC Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Capitol Riverfront | $58.63 | 31.15% |
| East End | $55.77 | 23.51% |
| Capitol Hill | $54.90 | 25.59% |
| Washington DC CBD | $53.71 | 23.62% |
| Embassy Row | $49.86 | 19.76% |
| Georgetown | $48.81 | 20.88% |
| NoMa | $46.43 | 12.99% |
| Chevy Chase | $46.25 | 24.11% |
| Northwest DC | $44.58 | 15.62% |
| West End | $43.47 | 11.77% |
| Southeast DC | $40.16 | 11.98% |
| Seventh Street Corridor | $39.00 | 11.78% |
| Southwest DC | $39.00 | 24.74% |
| Northeast DC | $34.50 | 5.86% |
2025 Office Sales Volume
- $262.842025 Avg. Price per SF
- -47.82%Y-o-Y Avg. PpSF Change
- $2.2B2025 Office Sales Volume
- 412025 Number of Transactions
What is the average sale price per square foot for office space in Washington?
Average sale prices for office space in this market recorded a -47.82% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $262.84 per square foot. For comparison, the statewide District of Columbia average during the same time period stood at $262.84 per square foot, while the national average was $182.48 per square foot.
Washington, DC Sale Price per SF Trend
- Washington Avg. Sale Price per SF in 2025$262.84
- District of Columbia Avg. Sale Price per SF in 2025$262.84
What was the total office sales volume in Washington in 2025?
The local office market recorded 41 deals in 2025, adding up to a yearly sales volume of $2.2B.
- Washington, DC Total Office Sales Volume in 2025 $2.2B
- Washington, DC Total Number of Office Sales Closed in 2025 41
What were the largest office building sales in Washington in 2025?
The market’s largest transaction last year was the sale of Edison Place for $175,000,000 on 4/15/2025. The next-highest sale was the transaction involving Victor Building, which traded for $153,000,000. The third-largest transaction was the sale of Capitol Plaza I for $118,783,600.
| Property name | Address | Date | Price |
|---|---|---|---|
| Edison Place | 701 9th Street NW | 4/15/2025 | $175,000,000 |
| Victor Building | 750 9th Street NW | 3/27/2025 | $153,000,000 |
| Capitol Plaza I | 1200 1st Street NE | 4/4/2025 | $118,783,600 |
| City Center | 1401 H Street NW | 3/24/2025 | $118,086,000 |
| 901 K Street | 901 K Street NW | 6/9/2025 | $84,300,000 |
Office Construction in Washington, DC
- Washington, DC Total SF under construction in 2026 384,847
What are the largest recent office completions in Washington?
The largest recent office completion here is 655 New York Avenue at 757,000 square feet, completed in 2019. The next largest completions are Capitol Crossing - 250 Massachusetts and 1201 New York Ave.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 20 Mass | 20 Massachusetts Avenue NW, 20001 | 421,691 | 2023 |
| Yards - 1275 New Jersey Avenue SE | 1275 New Jersey Avenue SE, 20003 | 313,911 | 2022 |
| Chemonics HQ | 1275 New Jersey Ave SE, 20003 | 315,000 | 2021 |
| The Bank Building | 699 14th Street, NW, 20005 | 164,000 | 2021 |
| Capitol Crossing - 250 Massachusetts | 250 Massachusetts Avenue NW, 20001 | 548,842 | 2020 |
| 4001 S Capitol St SW | 4001 S Capitol St SW, 20032 | 218,165 | 2020 |
| 1050 17th Street NW | 1050 17th Street NW, 20036 | 155,901 | 2020 |
| 650 H Street NE | 650 H Street NE, 20002 | 29,310 | 2020 |
| 655 New York Avenue | 655 New York Avenue NW, 20001 | 757,000 | 2019 |
| 1201 New York Ave | 1201 New York Avenue NW, 20005 | 444,442 | 2019 |
See reports for other markets
- Columbia Office Rent Price
- Alexandria Office Rent Price
- Rockville Office Rent Price
- Arlington Office Rent Price
- Annapolis Office Rent Price
- Fairfax Office Rent Price
- Bethesda Office Rent Price
- Reston Office Rent Price
- Towson Office Rent Price
- Fredericksburg Office Rent Price
- Falls Church Office Rent Price
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- Manassas Office Rent Price
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.