Silver Spring Office Space

Silver Spring

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
8,160
As of: August 20, 2017

Silver Spring Rates

Most listings are in the $30's per square foot per year. The Silver Spring region is seeing a an increase in rates. In the last 3 months, the median rate went up $32 per sqft per year.

Silver Spring Listing Supply

In the last 90 days, 1 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 500% of the available space 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 8,160 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this region were built in 2005 and are Class A.

Silver Spring Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Silver Spring residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

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

New Kingstown Submarkets