Friendship Heights Village, MD Commercial Real Estate for Lease and Sale

Explore 11 listings of Friendship Heights Village commercial real estate to find the best space for your business.

Chevy Chase Center

5425 Wisconsin Ave, Friendship Heights Village, Chevy Chase, MD
Property

Office

412,000 SF
Availability

5 Spaces

63,992 SF
Year Built

2006
For Lease

$52.00/SF/YR
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Wisconsin Place

5404 Wisconsin Avenue, Friendship Heights Village, Chevy Chase, MD
Property

Office

299,186 SF
Availability

13 Spaces

160,795 SF
Year Built

2009
For Lease Contact for pricing
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Chevy Chase Building

5530 Wisconsin Avenue, Friendship Heights Village, Chevy Chase, MD
Property

Office

304,876 SF
Availability

13 Spaces

28,555 SF
Year Built

1970
For Lease Contact for pricing
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Spaces Chase Tower
Spaces
4445 Willard Ave #600, Chevy Chase, MD
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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2 Wisconsin Circle

2 Wisconsin Circle, Friendship Heights Village, Chevy Chase, MD
Property

Office

221,979 SF
Availability

2 Spaces

75,925 SF
Year Built

1985
For Lease

$42.00/SF/YR
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Shops at Wisconsin Place

5400 Wisconsin Avenue, Friendship Heights Village, Chevy Chase, MD
Property

Retail

117,202 SF
Availability

3 Spaces

19,418 SF
Year Built

2009
For Lease Contact for pricing
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Chase Tower

4445 Willard Avenue, Friendship Heights Village, Chevy Chase, MD
Property

Office

248,713 SF
Availability

4 Spaces

38,706 SF
Year Built

2001
For Lease Contact for pricing
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700, 2 Wisconsin Cir
METRO OFFICES
700, 2 Wisconsin Cir 7th Floor, Chevy Chase, MD
Services

Virtual Office

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

High-speed wifi

Mail services

Parking

Printer
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Friendship Heights
Carr Workplaces
5425 Wisconsin Avenue, Chevy Chase, MD
Services

Virtual Office

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

24/7 security

A/V equipment

Catering

Complimentary coffee & tea

Free water

High-speed wifi

Lounge area

Parking

Projector

Receptionist/Secretarial services
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4500 N Park Avenue #801N

4500 N Park Avenue, Friendship Heights Village, Chevy Chase, MD
Property

Office

500 SF
For Sale

$249,000
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Highland House West

5415 Friendship Blvd, Friendship Heights Village, Chevy Chase, MD
Property

Retail

1,961 SF
Availability

1 Space

1,961 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Friendship Heights Village commercial real estate market incorporates 1,487,254 square feet of office space across 6 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Friendship Heights Village commercial real estate market includes 393,411 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in Friendship Heights Village incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Friendship Heights Village is represented by Office space, which accounts for 381,893 square feet of available listings. Retail space available in Friendship Heights Village adds up to 26,132 square feet.

Meanwhile, most of the listings of commercial property for sale in Friendship Heights Village are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Friendship Heights Village is $44.9 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Friendship Heights Village can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Friendship Heights Village, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $52 per square foot.

The average size of a commercial property in Friendship Heights Village depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Friendship Heights Village, the average size of an office property is 247,876 square feet.
Retail properties here incorporate an average of 131,137 square feet.

Friendship Heights Village, MD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Friendship Heights Village currently add up to 389,352 square feet. The market offers 5 active office listing(s), which amount to 367,973 square feet and account for 71% of commercial spaces on the market. Local retail availability includes 21,379 square feet across 2 retail space(s).

Property Type	Count of Listings	Total SF
Office	5	367,973
Retail	2	21,379

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Friendship Heights Village, MD. Currently, there is 500 square feet of commercial property for sale here , which includes 1 office building(s) for sale .

Property Type	Count of Listings	Total SF
Office	1	500

Friendship Heights Village, MD Commercial Real Estate for Lease and Sale

Chevy Chase Center

Wisconsin Place

Chevy Chase Building

Spaces Chase Tower

2 Wisconsin Circle

Shops at Wisconsin Place

Chase Tower

700, 2 Wisconsin Cir