On average, listings lease in the $30's per square foot per year. The Owen Brown region is going through a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Greater Baltimore market, the Owen Brown submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 11 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the Owen Brown 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,530 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this region 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 area. Commute by motorcycle is the most popular way to get to work amongst Owen Brown folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.