On average, listings lease in the $30's per square foot per year. The La Plata region is experiencing a a rise in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 46% increase in rent.
Compared to the rest of the Washington D.C. Area market, the La Plata region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 36 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the listings in the La Plata are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,340 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 2006 and are Class A.
Real time and historical data on commercial real estate listings in La Plata.
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