Central Rockville Sublease

Central Rockville

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
4,370
As of: August 20, 2017

Central Rockville Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central Rockville region is going through a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 20% increase in rent.

Compared to the rest of the Washington D.C. market, the Central Rockville region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Central Rockville Listing Supply

In the last 90 days, 14 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 93% of the listings in the Central Rockville 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.

Even though the median size is 4,370 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 6 stories. Most buildings in this market were built in 1981 and are Class A.

Central Rockville Community

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 bike is the most popular way to get to work amongst Central Rockville residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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