Most listings are in the $20's per square foot per year. The Franconia region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Washington D.C. market, the Franconia region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 32 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 970 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1997 and are Class A.
Real time and historical data on commercial real estate listings in Franconia.
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