On average, listings lease in the $20's per square foot per year. The Towson region is seeing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Towson region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 351 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available leases in the Towson are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 buildings in this area are around 3 stories. Most buildings in this area were built in 1977 and are Class B.
Real time and historical data on commercial real estate listings in Towson.
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