On average, listings lease in the $40's per square foot per year. The Radnor - Fort Myer Heights submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Washington D.C. market, the Radnor - Fort Myer Heights region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 10 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 10% of the available leases in the Radnor - Fort Myer Heights are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,290 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 13 floors. Most buildings in this area were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Radnor - Fort Myer Heights occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.