Silver Spring Retail

Silver Spring

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
1,840
As of: August 16, 2017

Silver Spring Rates

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.

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 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.

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