On average, listings lease in the $30's per square foot per year. The Ellicott City submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the Greater Baltimore market, the Ellicott City submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 10 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,240 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1998 and are Class B.