The typical asking rate per listing is in the $30's per square foot per year. The Loudoun Tech Center region is experiencing a a rise in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 50% rise in rent.
Compared to the rest of the Washington D.C. market, the Loudoun Tech Center region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the Loudoun Tech Center are subleases, so you might be able to find a shorter term or below market rent. 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 7,770 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this market were built in 2001 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.