On average, listings lease in the $40's per square foot per year. The Downtown Alexandria region is seeing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Washington D.C. market, the Downtown Alexandria region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 59 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the listings in the Downtown Alexandria are subleases, so you will probably have to consider a longer term 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 2,640 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this market were built in 1981 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.