Pennsylvania Avenue is no longer the most expensive office address in D.C. It has been replaced by Maine Avenue, located at The Wharf on the Southwest Waterfront.
The average asking rent on Maine Avenue is more than $80-per square foot, with the highest rent on the street of $95-per square foot.
Maine Avenue leases command a 63% premium to the overall D.C. office market, according to the latest report from commercial real estate services company JLL. And the vacancy rate is just 2.5%.
Ranking as the most expensive street is based on just a handful of leases, all of which are in expensive trophy buildings, including 670, 680, 800 and 1000 Maine Avenue.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
