Reston Office Space

Reston

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
4,790
As of: March 13, 2017

Reston Rates

The typical asking rate per listing is in the $30's per square foot per year. The Reston submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% increase in rent.

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

Reston Listing Supply

In the last 90 days, 33 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 15% of the available space in the Reston 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,790 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 5 floors. Most buildings in this region were built in 1987 and are Class A.

Reston Community

Market Report

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

Market Data

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