Laurel Office Space

Laurel

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
2,940
As of: February 19, 2017

Laurel Rates

Most listings are in the $10's per square foot per year. The Laurel submarket is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 26% decrease in rent.

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

Laurel Listing Supply

In the last 90 days, 10 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 10% of the available leases in the Laurel are subleases, so you will probably have to focus your search on direct office leases. 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 2,940 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1989 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