On average, listings lease in the $30's per square foot per year. The Merrifield region is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Washington D.C. market, the Merrifield region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the Merrifield are subleases, so you will probably have to consider a longer term lease. 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 18,130 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this area were built in 1986 and are Class A.