The typical asking rate per listing is in the $30's per square foot per year. The Silver Spring submarket is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Washington D.C. market, the Silver Spring region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the office spaces in the Silver Spring are subleases, so you might be able to find a shorter term or below market rent. 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 10,580 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 9 floors. Most buildings in this market were built in 1983 and are Class A.