On average, listings lease in the $20's per square foot per year. The Annapolis submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $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 less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 177 listings have been listed, so you'll want to check back regularly for new listings. About 18% of the available space in the Annapolis 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,560 sqft. Most properties in this market are approximately 2 stories. 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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