Greetings,
The attached survey is based on the following:
- CBD (Farragut / Depont area) and the East End (metro center, china town)
- 2,500 to 3,500 sf â keep in mind, using 250 sf per person, this accommodates from 10 to 14 people
- Up to $40 psf
- Direct and sublet â under the column âuser/typeâ, D means direct, S means sublet
Ignore the properties that have NNN after the stated rental rate. NNN means to add $20 psf for operating expenses.
L means lower level and typically windowless space.
Hereâs a few of the numbers you might consider: # 1, # 4, # 26, # 31, # 45, # 58.
Iâve also attached a 4th Quarter 2009 Market Report for background.
Enjoy the second round of snow.
Jim
PS I tried to send this yesterday, but ran into computer problems here at homeâ.
Jim Layton, Esq.
Vice President, Grubb & Ellis Company
1825 Eye Street NW, Suite 450
Washington, DC 20006
D 202.312.5775 F 202.312.5450