On average, listings lease in the $40's per square foot per year. The East Rockville region is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Washington D.C. market, the East Rockville region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 79 listings have come on the market, so you'll want to check back regularly for new listings. About 15% of the listings in the East Rockville 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.
Even though the median size is 7,250 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this market were built in 1968 and are Class C.
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 area. Commute by car is the most popular way to get to work amongst East Rockville occupants. Commuting approximately an hour and a half 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 East Rockville.
Get email notifications when new listings are posted that match your requirements.