Silver Spring Office Space

Silver Spring

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
1,840
As of: August 20, 2017

Silver Spring Rates

The typical asking rate per listing is in the $30's per square foot per year. The Silver Spring submarket is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the Washington D.C. market, the Silver Spring region has higher rates, and you'll need to pay a premium to be in this hot region.

Silver Spring Listing Supply

In the last 90 days, 2 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 250% of the listings in the Silver Spring 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.

The standard measurement for office space in this area is around 1,840 sqft. Most properties in this market are approximately 9 stories. Most buildings in this region were built in 1976 and are Class A.

Silver Spring Community

Market Report

Trends and status of the commercial real estate market in Silver Spring.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Silver Spring.
Research