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