The typical asking rate per listing is in the $30's per square foot per year. The Central Rockville submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 32% rise in rent.
Compared to the rest of the Washington D.C. market, the Central Rockville submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 197 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Central Rockville 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.
Even though the median size is 15,430 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 6 stories. Most buildings in this area were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Central Rockville folk. Commuting around 10 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 Central Rockville.
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