On average, listings lease in the $20's per square foot per year. The Laurel Lakes submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 31% increase in rent.
Compared to the rest of the Washington D.C. market, the Laurel Lakes region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,470 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Laurel Lakes residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.