Washington Industrial

622 Prosperity Way - Space Washington, Chesapeake, VA drive in door
May 09
1,530
sqft
Industrial Office

Washington

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,680

Washington Rates

Most listings are in the $10's per square foot per year. The Washington region is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 8% increase in rent.

Washington Listing Supply

In the last 90 days, 286 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available space in the Washington are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,680 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1988 and are Class B.

Washington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Washington residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Washington.
Research