On average, listings lease in the $60's per square foot per year. The Potomac West submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $66 per sqft per year.
Compared to the rest of the Washington D.C. market, the Potomac West region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 125% of the office spaces in the Potomac West are subleases, so you might be able to snag a great spot on a short term. 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 buildings in this market are approximately 12 floors. Most buildings in this market 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. Education is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Potomac West residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.