The typical asking rate per listing is in the $20's per square foot per year. The East Rockville region is seeing a decline in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 45% decrease in rent.
Compared to the rest of the Washington D.C. market, the East Rockville submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the office spaces in the East Rockville are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 7,330 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 6 stories. Most buildings in this area 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 car is the most popular way to get to work amongst East Rockville occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.