On average, listings lease in the $20's per square foot per year. The Annapolis submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Annapolis region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 177 listings have been posted online, so you'll want to check back regularly for new listings. About 16% of the listings in the Annapolis are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,910 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1976 and are Class B.
Real time and historical data on commercial real estate listings in Annapolis.
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