On average, listings lease in the $30's per square foot per year. The Strayer University region is seeing a an increase in rates. In the last 3 months, the median rate went up $33 per sqft per year.
Compared to the rest of the Washington D.C. market, the Strayer University region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available space in the Strayer University 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.
The standard measurement for office space in this area is around 1,600 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1987 and are Class A.
Public administration is the dominant industry in this market. Most of the occupants of Strayer University work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.