Commercial real estate alexandria va offers a dynamic and vibrant market for business owners seeking to establish or expand their operations. With a mix of historic charm and modern development, Alexandria is a strategic location that attracts a variety of businesses.
- A diverse range of properties: Office spaces, retail shops, and industrial sites.
- Prime locations: Proximity to Washington D.C. improves business opportunities.
- Competitive lease rates: Prices vary based on amenities, area, and property type.
In recent years, the commercial real estate landscape in Alexandria has experienced significant growth and change. There's been a surge in new developments, especially in key areas like Eisenhower East and Old Town North. These trends illustrate a promising outlook, making Alexandria a hot spot for savvy investors and businesses looking to tap into a thriving economic environment.
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Understanding Commercial Real Estate in Alexandria, VA
When it comes to commercial real estate in Alexandria, VA, the city offers a wide array of options. Whether you're looking for office spaces, retail locations, or even industrial sites, Alexandria's market is rich with opportunities.
Commercial Properties
Alexandria is home to a diverse range of commercial properties. From modern office buildings to historic retail spaces, there's something to suit every business need. The city's strategic location near Washington D.C. makes it a prime spot for businesses aiming to leverage proximity to the nation's capital.
Office Spaces: Alexandria boasts a variety of office spaces tailored to meet different business requirements. For example, properties like 1330 Braddock Place offer multiple spaces with competitive lease rates around $29.50/SF/YR. These office spaces range from modern high-rises to more traditional setups, providing flexibility for businesses of all types.
Retail Spaces: Retail spaces in Alexandria are just as varied. From small boutique shops to expansive commercial properties, the city caters to a wide range of retail businesses. Locations like 4600 King Street offer modern retail environments, while historic areas like Old Town provide spaces with unique charm and character.
Office Spaces
Alexandria's office spaces are designed to accommodate businesses of all sizes. Whether you're a startup looking for a small office or a large corporation needing extensive facilities, Alexandria has you covered. The office spaces in areas like Landmark - Van Dorn and Eisenhower East are particularly popular due to their modern amenities and convenient locations.
Availability: Office spaces range from small, cozy units to large office complexes. For instance, 205 South Whiting Street offers an 815 SF office space for $2,375.00/MO, ideal for small businesses or satellite offices.
Lease Rates: Lease rates vary depending on the location, size, and amenities of the property. Rates can range from $19.00/SF/YR in more affordable areas to $33.00/SF/YR in premium locations like Old Town North.
Retail Spaces
Retail spaces in Alexandria are not just places to do business—they are destinations. The city's retail market is vibrant, with opportunities for both small and large businesses. From historic buildings to modern developments, Alexandria provides diverse retail environments that attract both locals and tourists.
Historic Charm: Properties like 421 King Street offer retail spaces in historic buildings, providing businesses with a unique atmosphere that draws customers in.
Modern Developments: For those seeking a contemporary setting, places like 4600 King Street offer modern retail spaces with all the amenities needed for today's tech-savvy businesses.
In summary, commercial real estate alexandria va is a dynamic market with a variety of options to suit different business needs. Whether you're looking for an office, retail space, or other commercial property, Alexandria's diverse offerings make it a compelling choice for businesses looking to grow and thrive.
Next, let's explore the key areas for commercial real estate investment in Alexandria, including Eisenhower East and Old Town North.
Key Areas for Commercial Real Estate Investment
When considering commercial real estate in Alexandria, VA, three standout areas deserve special attention: Eisenhower East, Old Town North, and Landmark - Van Dorn. Each offers unique opportunities and advantages for investors and businesses alike.
Eisenhower East
Eisenhower East is a busy hub for commercial activity. Known for its modern architecture and strategic location, it attracts a diverse range of businesses. The area is home to several key properties, including 2121 Eisenhower Avenue, which offers office spaces at competitive rates of $25.00/SF/YR. This makes it an attractive option for businesses seeking a balance between affordability and proximity to major transportation links.
- Proximity to Transportation: With easy access to major highways and public transit, Eisenhower East is ideal for businesses that require connectivity.
- Modern Infrastructure: The area features state-of-the-art facilities, making it suitable for tech firms and other modern enterprises.
Old Town North
Old Town North is renowned for its historic charm and vibrant community. This area is perfect for businesses looking to capitalize on high foot traffic and a lively atmosphere. Properties like 99 Canal Center Plaza offer ample office space, with availability across five different spaces totaling 21,866 SF. Lease rates here are generally higher, reflecting the area's premium status.
- Historic Appeal: The unique ambiance of Old Town North attracts both locals and tourists, providing a steady stream of potential customers.
- Community and Culture: Being part of a vibrant community can improve a business's visibility and reputation.
Landmark - Van Dorn
Landmark - Van Dorn is an emerging area with significant potential for growth. The availability of diverse commercial spaces, such as the 205 South Whiting Street office space, which rents for $2,375.00/MO, makes it a versatile choice for various types of businesses.
- Development Opportunities: As the area continues to develop, there are opportunities for investors to capitalize on increasing property values.
- Diverse Options: From office spaces to industrial properties, Landmark - Van Dorn offers a wide range of commercial real estate options.
In conclusion, whether you are drawn to the modern conveniences of Eisenhower East, the historic charm of Old Town North, or the growth potential of Landmark - Van Dorn, Alexandria offers a robust landscape for commercial real estate investment. Each area provides distinct advantages that cater to different business needs and investment strategies.
Next, we'll dive into the commercial real estate listings in Alexandria, VA, highlighting office and retail availability, as well as lease rates.
Commercial Real Estate Listings in Alexandria, VA
When it comes to commercial real estate in Alexandria, VA, the city offers a variety of options for both office and retail spaces. Let's explore the current availability and lease rates that make Alexandria a prime location for businesses.
Office Availability
Alexandria hosts a wide range of office spaces catering to different business needs. Notable listings include:
1330 Braddock Place: This property offers a substantial 54,430 SF across six available spaces. The lease rate is $29.50/SF/YR, making it an attractive option for businesses seeking expansive office environments.
205 South Whiting Street: Available for $2,375.00 per month, this space provides a smaller, more intimate setting with 815 SF available. It's ideal for startups or small businesses looking for a cost-effective solution.
2121 Eisenhower Avenue: With a lease rate of $25.00/SF/YR, this location offers 1,977 SF in a modern setting, perfect for businesses aiming for affordability and convenience.
Retail Availability
Retail spaces in Alexandria are diverse, ranging from cozy shops to large commercial properties:
4600 King Street: Built in 2019, this modern retail space offers 2,095 SF, with lease rates ranging from $19.00 to $27.00/SF/YR. It's a great choice for businesses that prioritize contemporary amenities.
1414 Prince Street: Located near the King St. Metro, this property provides 8,980 SF across two spaces, with lease rates between $19.00 and $27.00/SF/YR. Its proximity to public transit makes it a desirable location for attracting foot traffic.
6400-6500 Landsdowne Centre Drive: Contact for availability. This large retail space of 88,468 SF is suitable for big-box retailers or supermarkets, offering substantial room for businesses to expand.
Lease Rates
Lease rates in Alexandria vary based on the location and type of property. Key factors influencing these rates include proximity to transportation, modern amenities, and historic appeal. For example:
- Office spaces like 700 North Fairfax Street are priced at $33.00/SF/YR, reflecting its prime location in Old Town North.
- Retail spaces in busy areas like King Street command premium rates due to high foot traffic and vibrant community settings.
Understanding these listings can help businesses and investors find the perfect fit for their needs, whether they're seeking a busy retail spot or a convenient office location.
Next, we'll explore the factors influencing commercial real estate prices in Alexandria, including market demand, location, and property type.
Factors Influencing Commercial Real Estate Prices
Understanding what drives commercial real estate prices in Alexandria, VA can help investors and businesses make informed decisions. Let's explore the key factors: market demand, location, and property type.
Market Demand
Market demand plays a crucial role in determining real estate prices. In Alexandria, the demand for office and retail spaces is robust due to the city's strategic location near Washington, D.C. This demand is evident in areas like Eisenhower East and Old Town North, where office spaces such as 2121 Eisenhower Avenue and retail spaces along King Street are highly sought after.
- High demand often leads to higher lease rates. For example, office spaces at 1330 Braddock Place command $29.50/SF/YR due to their desirable location and amenities.
- Economic factors, such as employment rates and business growth, also influence demand. A thriving local economy attracts more businesses, boosting demand for commercial spaces.
Location
Location is paramount in real estate. Properties in prime locations tend to have higher prices due to their accessibility and prestige. In Alexandria, proximity to metro stations, major highways, and vibrant neighborhoods significantly impacts property values.
- Old Town North offers a blend of historic charm and modern convenience, making it a top choice for businesses. This area features properties like 99 Canal Center Plaza, which benefits from its scenic views and proximity to the waterfront.
- Landmark - Van Dorn is another key area, with properties like 5200-5228 Eisenhower Avenue offering industrial spaces that cater to specific business needs.
Property Type
The type of property also influences pricing. Different types of commercial properties cater to various business models and industries, affecting their desirability and cost.
- Office spaces in Alexandria vary from small, intimate settings like 205 South Whiting Street to large, expansive spaces like those at 1330 Braddock Place. The diversity in size and amenities allows businesses to choose what best suits their needs.
- Retail spaces can range from small boutiques to large supermarkets. Properties like 4600 King Street offer modern retail environments, while spaces on Prince Street leverage high foot traffic from nearby transit.
Understanding these factors helps investors and businesses steer the commercial real estate market effectively. Next, we'll address frequently asked questions about commercial real estate in Alexandria, including current lease rates and property types available.
Frequently Asked Questions about Commercial Real Estate in Alexandria, VA
What are the current lease rates in Alexandria, VA?
Lease rates in Alexandria, VA vary widely based on location and property type. For office spaces, rates can range from $18.00/SF/YR at 2111 Eisenhower Avenue to $33.00/SF/YR at 700 North Fairfax Street. Retail spaces, particularly in high-demand areas like Old Town, can command rates as high as $65.00/SF/YR.
Office leases: 1330 Braddock Place offers spaces at $29.50/SF/YR, reflecting its prime location near the Braddock Road Metro. Similarly, 2121 Eisenhower Avenue is available for $25.00/SF/YR, providing more affordable options in Eisenhower East.
Retail leases: Locations like 615-621 King Street in Old Town are pricey due to their historic appeal and foot traffic, with rates around $65.00/SF/YR.
How does location affect commercial real estate prices?
Location is a significant factor influencing commercial real estate prices in Alexandria. Properties in areas with high accessibility and visibility, such as those near metro stations or major roads, tend to have higher values.
Old Town North: Known for its blend of history and modern convenience, this area attracts businesses looking for prestige and accessibility. Properties like 99 Canal Center Plaza benefit from scenic views and proximity to the waterfront, driving up their value.
Landmark - Van Dorn: This area offers industrial and office spaces like 5200-5228 Eisenhower Avenue, which are appealing due to their strategic location near major transportation routes.
What types of commercial properties are available in Alexandria, VA?
Alexandria boasts a diverse range of commercial properties, catering to various business needs. Here's a quick overview of what's available:
Office Spaces: From small offices at 205 South Whiting Street to large complexes like 1330 Braddock Place, there's a wide selection to fit different business sizes and budgets. These spaces often come with amenities like meeting rooms and private offices.
Retail Spaces: Options range from boutique shops on King Street to larger retail environments at locations like 4600 King Street. These spaces benefit from high foot traffic and modern facilities.
Industrial and Mixed-Use Spaces: Properties like 5200-5228 Eisenhower Avenue and 6870 Richmond Highway offer industrial and mixed-use spaces for businesses that require specific functionalities.
Understanding the variety of commercial real estate options in Alexandria helps investors and businesses find the perfect match for their needs. This diversity ensures that whether you're looking for an office, retail, or industrial space, Alexandria has something to offer.
Conclusion
Navigating the commercial real estate market in Alexandria, VA, can be complex, but with the right partner, it becomes a journey of opportunity. At Brexton Commercial, we pride ourselves on providing personalized services custom to meet the unique needs of each client. Our boutique approach ensures that you are not just a client, but a valued partner in achieving your real estate goals.
Our Services
We offer a range of services, from exclusive brokerage representation to consulting and investment advisory. Our team is dedicated to understanding your business and crafting solutions that align with your objectives. We believe that a hands-on approach is essential in delivering results that exceed expectations.
Investment Advisory
Our expertise in the Alexandria market allows us to provide insightful investment advisory services. Whether you're looking to acquire, dispose of, or stabilize an asset, our knowledgeable advisors are here to guide you through every step. We focus on maximizing the value of your investment while ensuring long-term success.
Why Choose Us?
Choosing Brexton Commercial means choosing a partner committed to your success. Our deep understanding of the Alexandria real estate landscape, combined with our personalized service, sets us apart. We are here to help you steer the complexities of the market with confidence and ease.
Ready to explore the opportunities in commercial real estate Alexandria VA? Contact us today to learn more about how we can assist you in achieving your real estate goals.
