The typical asking rate per listing is in the $20's per square foot per year. The Owen Brown submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Greater Baltimore market, the Owen Brown region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 11 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 27% of the listings in the Owen Brown 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 2,170 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Owen Brown folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.