Most listings are 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 fell $3 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Washington D.C. market, the Downtown Alexandria region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 37 listings have been listed, which means office spaces 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,620 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this market 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. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Alexandria residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.