On average, listings lease in the $40's per square foot per year. The North Rosslyn submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Washington D.C. market, the North Rosslyn region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the North Rosslyn 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 3,140 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 13 stories. Most buildings in this market were built in 1979 and are Class A.
This area is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst North Rosslyn folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.