The typical asking rate per listing is in the $30's per square foot per year. The Alexandria West submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Washington D.C. market, the Alexandria West submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 2 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 7,750 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 6 floors. Most buildings in this region were built in 1984 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 area. 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.