The typical asking rate per listing is in the $30's per square foot per year. The Central Rockville region is going through a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 32% rise in rent.
Compared to the rest of the Washington D.C. market, the Central Rockville submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 197 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Central Rockville are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 15,430 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this area were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Central Rockville residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Central Rockville.
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