Farragut Square, McPherson Square, Connecticut Avenue retail.
Farragut Square, McPherson Square, Connecticut Avenue retail.
Farragut Square, McPherson Square, Connecticut Avenue retail.
Premium hotel and dining inventory is tight to the submarket — important for international client hosting.
| city | Washington DC |
|---|---|
| submarket | Central Business District |
| tier | prime |
| averageRentLocal | $60/sqft/yr |
| cityClassARentUsd | $58/sqft/yr |
| cityVacancyPct | 19.4% |
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.