The typical asking rate per listing is in the $30's per square foot per year. The Alexandria West region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Washington D.C. market, the Alexandria West submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have come on the market, 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.
Even though the median size is 3,550 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 6 stories. Most buildings in this area were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Most of the occupants of Alexandria West work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.