Most listings are in the $40's per square foot per year. The Downtown Alexandria submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Washington D.C. market, the Downtown Alexandria region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 68 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available leases in the Downtown Alexandria 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 2,700 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Alexandria folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.