On average, listings lease in the $50's per square foot per year. The Del Ray region is experiencing a a rise in rates. In the last 3 months, the median rate increased $57 per sqft per year.
Compared to the rest of the Washington D.C. market, the Del Ray region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have come on the market, which means listings might be leasing quickly. 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.
The standard measurement for office space in this area is around 590 sqft. Most buildings in this market are approximately 12 stories. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Del Ray folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.