Most listings are in the $40's per square foot per year. The Downtown Alexandria submarket is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Washington D.C. market, the Downtown Alexandria submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 374 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the office spaces in the Downtown Alexandria are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,070 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1977 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Alexandria residents. Commuting between 30 and 45 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 Downtown Alexandria.
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