On average, listings lease in the $30's per square foot per year. The Downtown Alexandria region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Washington D.C. market, the Downtown Alexandria submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 50 listings have been made available, so you'll want to check back regularly for new listings. About 92% of the available leases in the Downtown Alexandria are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,880 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1977 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Alexandria occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.