Silver Spring Retail

Silver Spring

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
10,580
As of: December 4, 2016

Silver Spring Rates

The typical asking rate per listing is in the $30's per square foot per year. The Silver Spring submarket is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 12% decline in rent.

Compared to the rest of the Washington D.C. market, the Silver Spring region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Silver Spring Listing Supply

In the last 90 days, 3 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the office spaces in the Silver Spring are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 10,580 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 9 floors. Most buildings in this market were built in 1983 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