On average, listings lease in the $10's per square foot per year. The Pikesville region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Pikesville region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 94 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Pikesville are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,820 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1978 and are Class B.
Real time and historical data on commercial real estate listings in Pikesville.
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