The typical asking rate per listing is in the $50's per square foot per year. The Radnor - Fort Myer Heights submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the Washington D.C. market, the Radnor - Fort Myer Heights submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 30 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the available space in the Radnor - Fort Myer Heights 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 3,140 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 13 stories. Most buildings in this market were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Radnor - Fort Myer Heights occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.