The typical asking rate per listing is in the $30's per square foot per year. The East Rockville submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 21% decrease in rent.
Compared to the rest of the Washington D.C. Area market, the East Rockville region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 79 listings have been posted online, so you'll want to check back regularly for new listings. About 19% of the available leases in the East Rockville are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,440 sqft. Most properties in this area are around 4 stories. Most buildings in this area were built in 1983 and are Class C.
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 market. Commute by car is the most popular way to get to work amongst East Rockville folk. Commuting around an hour and a half 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 East Rockville.
Get email notifications when new listings are posted that match your requirements.