Most listings are in the $30's per square foot per year. The Central Rockville region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 11% decrease 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 pay a premium to be in this hot submarket.
In the last 90 days, 14 listings have been posted online, which means new listings might be going fast. 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.
The standard measurement for office space in this area is around 1,670 sqft. Most buildings in this area are approximately 6 floors. Most buildings in this region 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 area. Commute by bike is the most popular way to get to work amongst Central Rockville occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.