The typical asking rate per listing is in the $30's per square foot per year. The Central Rockville submarket is going through a a boost in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Washington D.C. market, the Central Rockville region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 14 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,870 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 6 stories. Most buildings in this area were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Central Rockville residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.