Herndon Commercial Real Estate

585 Grove St - Unit 135 (Floor 1) Herndon, VA  
Aug 02
520
sqft
Sublease Office
720 Grant St - Floor 1 Herndon, VA  
May 19
1,150
sqft
Office Retail

Herndon

Market Report

Number of Listings
Posted in the last 90 days
12
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
4,680

Herndon Rates

On average, listings lease in the $30's per square foot per year. The Herndon region is going through a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 19% increase in rent.

Compared to the rest of the Washington D.C. Area market, the Herndon submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Herndon Listing Supply

In the last 90 days, 166 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the listings in the Herndon 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,680 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this region were built in 1987 and are Class B.

Herndon Community

Market Data

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