On average, listings lease in the $30's per square foot per year. The Alexandria West region is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Washington D.C. market, the Alexandria West region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 30 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 4,340 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 6 stories. Most buildings in this region were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Most of the occupants of Alexandria West work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.