On average, listings lease in the $20's per square foot per year. The Sterling submarket is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Washington D.C. market, the Sterling submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 24 listings have been posted online, which means office spaces are probably 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 1,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region were built in 1991 and are Class A.
Real time and historical data on commercial real estate listings in Sterling.
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