On average, listings lease in the $20's per square foot per year. The Herndon region is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Washington D.C. market, the Herndon region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 7 listings have been listed, which means new availabilities are probably 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,910 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this region were built in 1987 and are Class B.