Most listings are in the $50's per square foot per year. The Downtown Alexandria submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Washington D.C. market, the Downtown Alexandria region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 50 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the listings in the Downtown Alexandria are subleases, so you will probably have to focus your search on direct office leases. 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 2,900 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 4 floors. Most buildings in this market were built in 1980 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.