On average, listings lease in the $60's per square foot per year. The Del Ray submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Washington D.C. market, the Del Ray region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 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.
The standard measurement for office space in this area is around 590 sqft. Most buildings in this market are around 12 floors. Most buildings in this area were built in 1979 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 area. Commute by car is the most popular way to get to work amongst Del Ray occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.