The typical asking rate per listing is in the $30's per square foot per year. The Crystal City Shops submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 24% decline in rent.
Compared to the rest of the Washington D.C. market, the Crystal City Shops region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the listings in the Crystal City Shops 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 available, so finding a space for a small business might be tough.
Even though the median size is 10,200 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 12 stories. Most buildings in this region were built in 1981 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Crystal City Shops occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.