On average, listings lease in the $60's per square foot per year. The Radnor - Fort Myer Heights region is seeing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the Washington D.C. market, the Radnor - Fort Myer Heights submarket has more expensive 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 new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 19,100 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 13 floors. Most buildings in this area 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 occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.