The typical asking rate per listing is in the $30's per square foot per year. The Merrifield submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Washington D.C. market, the Merrifield submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 12,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 6 stories. Most buildings in this market were built in 1985 and are Class A.