Herndon Office Space

Herndon

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,520
As of: February 24, 2017

Herndon Rates

The typical asking rate per listing is in the $30's per square foot per year. The Herndon submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 23% rise in rent.

Compared to the rest of the Washington D.C. market, the Herndon region has greater rates, and you'll need to pay a premium to be in this hot region.

Herndon Listing Supply

In the last 90 days, 17 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,520 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this market were built in 1987 and are Class A.

Herndon Community

Market Report

Trends and status of the commercial real estate market in Herndon.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Herndon.
Research