Most listings are in the $30's per square foot per year. The East Rockville submarket is going through a a boost in rates. In the last 3 months, the median rate went up $17 per sqft per year. That's a 80% rise in rent.
Compared to the rest of the Washington D.C. market, the East Rockville submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 14 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the East Rockville are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 7,250 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this market were built in 1983 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 car is the most popular way to get to work amongst East Rockville residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.