The typical asking rate per listing is in the $20's per square foot per year. The Twin Knolls submarket is going through a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the Greater Baltimore market, the Twin Knolls region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 9 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,050 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1983 and are Class B.
This area is fairly equally mixed residential and commercial. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Twin Knolls occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.