On average, listings lease in the $20's per square foot per year. The Loudoun Tech Center submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Washington D.C. market, the Loudoun Tech Center region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 9 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,780 sqft. Most properties in this area are close to 1 stories. Most buildings in this area were built in 1999 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this region. Most of the occupants of Loudoun Tech Center work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.