The typical asking rate per listing is in the $40's per square foot per year. The Ballston - Virginia Square submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Washington D.C. market, the Ballston - Virginia Square region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the available space in the Ballston - Virginia Square are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 19,040 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 10 floors. Most buildings in this region were built in 1995 and are Class A.
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 area. Commute by bike is the most popular way to get to work amongst Ballston - Virginia Square folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.