Merrifield Office Space

Merrifield

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
3,310
As of: July 23, 2017

Merrifield Rates

Most listings are in the $40's per square foot per year. The Merrifield submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 41% increase in rent.

Compared to the rest of the Washington D.C. market, the Merrifield region has greater rates, and you'll need to make a great offer to be in this hot submarket.

Merrifield Listing Supply

In the last 90 days, 12 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 92% of the office spaces in the Merrifield are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,310 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this area were built in 1985 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