Silver Spring Office Space

Silver Spring

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
10,580
As of: December 10, 2016

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 decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 12% decrease in rent.

Compared to the rest of the Washington D.C. market, the Silver Spring submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Silver Spring Listing Supply

In the last 90 days, 3 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 67% of the office spaces in the Silver Spring are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 10,580 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 9 floors. Most buildings in this area were built in 1983 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