Most listings are in the $10's per square foot per year. The St. Charles submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Washington D.C. market, the St. Charles submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 66 listings have come on the market, so you'll want to check back regularly for new listings. About 18% of the office spaces in the St. Charles are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most properties in this area are around 1 floors. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst St. Charles occupants. Commuting approximately 30 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 St. Charles.
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