On average, listings lease in the $40's per square foot per year. The Downtown Alexandria region is going through a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 23% rise in rent.
Compared to the rest of the Washington D.C. market, the Downtown Alexandria submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 50 listings have been listed, so you'll want to check back regularly for new listings. About 76% of the available leases in the Downtown Alexandria 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,520 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Alexandria occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.