The typical asking rate per listing is in the $30's per square foot per year. The Alexandria West region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Washington D.C. market, the Alexandria West 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, 46 listings have been listed, so you'll want to check back regularly for new listings. 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 3,400 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 6 floors. 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 market. 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.