Sterling Park Industrial

Sterling Park

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
5,330
As of: December 5, 2016

Sterling Park Rates

On average, listings lease in the $20's per square foot per year. The Sterling Park submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 56% rise in rent.

Compared to the rest of the Washington D.C. market, the Sterling Park submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Sterling Park Listing Supply

In the last 90 days, 3 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the Sterling Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 5,330 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1989 and are Class B.

Sterling Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Sterling Park residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

Sterling Submarkets