Downtown Alexandria Commercial Real Estate

1319 Prince St - Space Old Town, Alexandria, VA  
Apr 29
2,500
sqft
Mixed Use Office Retail

Downtown Alexandria

Market Report

Number of Listings
Posted in the last 90 days
33
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
2,650

Downtown Alexandria Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Alexandria region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decrease in rent.

Compared to the rest of the Washington D.C. Area market, the Downtown Alexandria region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Alexandria Listing Supply

In the last 90 days, 374 listings have been posted online, so you'll want to check back regularly for new listings. About 12% of the listings in the Downtown Alexandria are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,080 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1977 and are Class B.

Downtown Alexandria Community

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 area. 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.

Market Data

Real time and historical data on commercial real estate listings in Downtown Alexandria.
Research