Most listings are in the $40's per square foot per year. The Central Rockville submarket is going through a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Washington D.C. market, the Central Rockville region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,600 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 6 floors. 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.