Silver Spring Retail

Silver Spring

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
3,830
As of: July 24, 2017

Silver Spring Rates

Most listings are in the $30's per square foot per year. The Silver Spring region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the Washington D.C. market, the Silver Spring region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Silver Spring Listing Supply

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 850% of the listings in the Silver Spring are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,830 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 9 stories. Most buildings in this region were built in 1976 and are Class A.

Silver Spring Community

Market Report

Trends and status of the commercial real estate market in Silver Spring.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Silver Spring.
Research