Most listings are in the $30's per square foot per year. The Downtown Columbia submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the Greater Baltimore market, the Downtown Columbia region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Downtown Columbia 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.
Even though the median size is 8,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 5 floors. Most buildings in this area were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Downtown Columbia work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.