Merrifield Office Space

Merrifield

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
3,750
As of: February 26, 2017

Merrifield Rates

The typical asking rate per listing is in the $30's per square foot per year. The Merrifield region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the Washington D.C. market, the Merrifield region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Merrifield Listing Supply

In the last 90 days, 10 listings have come on the market, which means new availabilities are probably 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 3,750 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 6 stories. Most buildings in this market were built in 1986 and are Class A.

Merrifield Community

Market Report

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

Market Data

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