Laurel Lakes Office Space

Laurel Lakes

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,470
As of: June 24, 2017

Laurel Lakes Rates

The typical asking rate per listing is in the $20's per square foot per year. The Laurel Lakes submarket is going through a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year.

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

Laurel Lakes Listing Supply

In the last 90 days, 2 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 200% of the office spaces in the Laurel Lakes 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,470 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1987 and are Class B.

Laurel Lakes Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Laurel Lakes residents. Commuting approximately 30 minutes 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 Laurel Lakes.
Market Report

Market Data

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

Laurel Submarkets