The typical asking rate per listing is in the $30's per square foot per year. The Ellicott City region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Ellicott City submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 21 listings have been posted online, which means office spaces might be 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 880 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1986 and are Class B.