On average, listings lease in the $30's per square foot per year. The West Rockville region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Washington D.C. market, the West Rockville submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 12 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,140 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst West Rockville residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.