On average, listings lease in the $20's per square foot per year. The Broad Run Business Center region is seeing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Washington D.C. market, the Broad Run Business Center submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,600 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this market were built in 2000 and are Class A.
Public administration is the dominant industry in this market. Most of the residents of Broad Run Business Center 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.