On average, listings lease in the $30's per square foot per year. The Central Rockville submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Washington D.C. market, the Central Rockville submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 15 listings have been posted online, which means new availabilities might be 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,070 sqft. Most buildings in this market are around 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 market. 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.