On average, listings lease in the $50's per square foot per year. The Bluemont submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Washington D.C. market, the Bluemont submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 40 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 28% of the listings in the Bluemont 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 3,600 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 11 floors. Most buildings in this area were built in 1988 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Bluemont 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 Bluemont.
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