On average, listings lease in the $30's per square foot per year. The Urbana submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $33 per sqft per year.
Compared to the rest of the Washington D.C. market, the Urbana submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 10,250 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market were built in 2017 and are Class A.