Laurel Office Space

Laurel

Office Space Market Report

Number of Listings (last 90 days)
117
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,500
As of: August 17, 2017

Laurel Rates

The typical asking rate per listing is in the $20's per square foot per year. The Laurel region is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decline in rent.

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

Laurel Listing Supply

In the last 90 days, 10 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 110% of the listings in the Laurel are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1988 and are Class B.

Laurel Community

Market Report

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

Market Data

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

Laurel Submarkets