On average, listings lease in the $30's per square foot per year. The Merrifield region is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Washington D.C. market, the Merrifield submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 12,500 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 6 floors. Most buildings in this region were built in 1985 and are Class A.