The typical asking rate per listing is in the $50's per square foot per year. The Radnor - Fort Myer Heights region is seeing a a rise in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Washington D.C. market, the Radnor - Fort Myer Heights region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 30 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the listings in the Radnor - Fort Myer Heights 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,140 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 13 stories. Most buildings in this area were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Radnor - Fort Myer Heights folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.