Laurel Sublease

Laurel

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,500
As of: August 16, 2017

Laurel Rates

Most listings are in the $20's per square foot per year. The Laurel submarket is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decrease in rent.

Compared to the rest of the Washington D.C. market, the Laurel submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Laurel Listing Supply

In the last 90 days, 10 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 140% of the available leases in the Laurel 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1988 and are Class B.

Laurel Community

Market Report

Trends and status of the commercial real estate market in Laurel.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Laurel.
Research

Laurel Submarkets