Most listings are in the $40's per square foot per year. The Ballston - Virginia Square submarket is going through a a boost in rates. In the last 3 months, the median rate increased $46 per sqft per year.
Compared to the rest of the Washington D.C. market, the Ballston - Virginia Square region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 350% of the office spaces in the Ballston - Virginia Square are subleases, so you might be able to snag a great spot on a short term. 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 8,510 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 10 stories. Most buildings in this area were built in 1992 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Ballston - Virginia Square occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.