Most listings are in the $30's per square foot per year. The Fair Oaks submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Washington D.C. market, the Fair Oaks submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 14 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings in the Fair Oaks are subleases, so you will probably have to consider a longer term 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 2,570 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 5 floors. Most buildings in this market were built in 1988 and are Class A.