Most listings are in the $40's per square foot per year. The Central Rockville region is experiencing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Washington D.C. market, the Central Rockville region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 6,190 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 6 floors. Most buildings in this market were built in 1983 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Central Rockville occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.