Sterling Park Office Space

Sterling Park

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
5,330
As of: December 10, 2016

Sterling Park Rates

The typical asking rate per listing is in the $20's per square foot per year. The Sterling Park region is experiencing a a rise in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 56% rise in rent.

Compared to the rest of the Washington D.C. market, the Sterling Park region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Sterling Park Listing Supply

In the last 90 days, 3 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the Sterling Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,330 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1989 and are Class B.

Sterling Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Sterling Park folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

Sterling Submarkets