The typical asking rate per listing is in the $30's per square foot per year. The Strayer University submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Washington D.C. market, the Strayer University 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, 1 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 11,120 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1987 and are Class A.
Public administration is the dominant industry in this market. Most of the occupants of Strayer University work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.