Most listings are in the $40's per square foot per year. The Fair Oaks submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 35% increase in rent.
Compared to the rest of the Washington D.C. market, the Fair Oaks region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 36% of the available leases in the Fair Oaks 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 7,810 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 5 floors. Most buildings in this market were built in 1988 and are Class A.