Herndon Industrial

Herndon

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,520
As of: February 24, 2017

Herndon Rates

The typical asking rate per listing is in the $30's per square foot per year. The Herndon region is seeing a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 23% rise in rent.

Compared to the rest of the Washington D.C. market, the Herndon submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Herndon Listing Supply

In the last 90 days, 18 listings have been listed, which means new listings are probably going fast. 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.

Even though the median size is 3,520 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area were built in 1987 and are Class A.

Herndon Community

Market Report

Trends and status of the commercial real estate market in Herndon.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Herndon.
Research