On average, listings lease in the $30's per square foot per year. The Silver Spring region is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Washington D.C. market, the Silver Spring submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 350% of the available space in the Silver Spring 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,840 sqft. Most properties in this market are approximately 9 floors. Most buildings in this area were built in 1976 and are Class A.