Merrifield Office Space

Merrifield

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
6,950
As of: March 12, 2017

Merrifield Rates

Most listings are in the $30's per square foot per year. The Merrifield submarket is experiencing a decrease 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 submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Merrifield Listing Supply

In the last 90 days, 12 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the listings in the Merrifield are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 6,950 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 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