The typical asking rate per listing is in the $50's per square foot per year. The Radnor - Fort Myer Heights region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Washington D.C. market, the Radnor - Fort Myer Heights region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 24 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,800 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 13 floors. Most buildings in this market were built in 1983 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 area. Commute by walking is the most popular way to get to work amongst Radnor - Fort Myer Heights occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.