Most listings are in the $60's per square foot per year. The Del Ray submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Washington D.C. market, the Del Ray region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 590 sqft. Most properties in this area are approximately 12 stories. Most buildings in this region were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Del Ray occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.