On average, listings lease in the $20's per square foot per year. The Herndon region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Washington D.C. market, the Herndon region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 50 listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,780 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 1987 and are Class A.