On average, listings lease in the $20's per square foot per year. The Central Rockville region is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the Washington D.C. market, the Central Rockville region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 14 listings have come on the market, which means office spaces might be leasing quickly. 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 1,830 sqft. Most buildings in this market are approximately 6 stories. Most buildings in this region were built in 1983 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Central Rockville residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.