Most listings are in the $40's per square foot per year. The Downtown Alexandria submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Washington D.C. market, the Downtown Alexandria submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 50 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Downtown Alexandria are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,600 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 4 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. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Alexandria occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.