The typical asking rate per listing is in the $60's per square foot per year. The Bluemont submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 21% rise in rent.
Compared to the rest of the Washington D.C. market, the Bluemont submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 125% of the office spaces in the Bluemont are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,120 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 11 stories. Most buildings in this market were built in 1988 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Bluemont occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.