On average, listings lease in the $30's per square foot per year. The West Rockville submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Washington D.C. market, the West Rockville submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 68 listings have been listed, so you'll want to check back regularly for new listings. About 28% of the listings in the West 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.
Even though the median size is 3,130 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst West Rockville residents. Commuting between 20 and 25 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 West Rockville.
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