On average, listings lease in the $30's per square foot per year. The Alexandria submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Washington D.C. Area market, the Alexandria submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 613 listings have been made available, so you'll want to check back regularly for new listings. About 10% of the office spaces in the Alexandria are subleases, so you will probably have to consider a longer term lease. 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 2,560 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this region were built in 1980 and are Class B.
Real time and historical data on commercial real estate listings in Alexandria.
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