Most listings are in the $40's per square foot per year. The Downtown Alexandria region is going through a decline in rates. In the last 3 months, the median rate decreased $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 more expensive rates, and you'll need to pay a premium to be in this hot region.
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 available leases in the Downtown Alexandria 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 posted, 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 market are approximately 3 floors. Most buildings in this area 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 market. Commute by walking is the most popular way to get to work amongst Downtown Alexandria folk. 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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