The typical asking rate per listing is in the $50's per square foot per year. The Reston submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $18 per sqft per year. That's a 49% increase in rent.
Compared to the rest of the Washington D.C. Area market, the Reston submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 256 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Reston are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 8,900 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this region were built in 1987 and are Class A.
Real time and historical data on commercial real estate listings in Reston.
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