Ballston - Virginia Square Office Space For Lease

Ballston - Virginia Square

Market Report

Number of Listings For Lease
Posted in the last 90 days
24
Median Rate ($/sqft/yr)
$57
Median Size (sqft)
3,930

Ballston - Virginia Square Commercial Real Estate

Find Ballston - Virginia Square commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Ballston - Virginia Square commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Ballston - Virginia Square Rates

The typical asking rate per commerial real estate listing leases is in the $50's per square foot per year. The Ballston - Virginia Square submarket is seeing a decline in rates. In the last 3 months, the median rate for lease decreased $3 per sqft per year.

Compared to the rest of the Washington D.C. Area commercial real estate market, the Ballston - Virginia Square submarket has more expensive rates for rent, and you may need to make a great offer to be in this hot submarket.

Ballston - Virginia Square Listing Supply

In the last 90 days, 106 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Ballston - Virginia Square 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 size for office space in this area is around 3,930 sqft. Most properties in this region are approximately 9 floors. Most buildings in this market were built approximately 1992 and are Class A.

Ballston - Virginia Square Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Ballston - Virginia Square residents. Commuting close to 20 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 Ballston - Virginia Square.
Research