On average, listings lease in the $10's per square foot per year. The Ferndale region is going through a a rise in rates. In the last 3 months, the median rate increased $19 per sqft per year.
Compared to the rest of the Greater Baltimore market, the Ferndale submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 4 listings have been made available, 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 available, so finding a space for a small business might be tough.
Even though the median size is 10,710 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 2008 and are Class B.