On average, listings lease in the $40's per square foot per year. The Radnor - Fort Myer Heights submarket is going through a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Washington D.C. market, the Radnor - Fort Myer Heights region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 14% of the available space in the Radnor - Fort Myer Heights 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,040 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 13 stories. Most buildings in this region 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 region. Commute by walking is the most popular way to get to work amongst Radnor - Fort Myer Heights residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.