Severna Park Industrial

Severna Park

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
1,680
As of: June 26, 2017

Severna Park Rates

Most listings are in the $40's per square foot per year. The Severna Park region is experiencing a an increase in rates. In the last 3 months, the median rate went up $49 per sqft per year.

Compared to the rest of the Greater Baltimore market, the Severna Park submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Severna Park Listing Supply

In the last 90 days, 6 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 150% of the office spaces in the Severna Park are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,680 sqft. Most buildings in this market are close to 1 stories. Most buildings in this area were built in 1986 and are Class B.

Severna Park Community

Market Report

Trends and status of the commercial real estate market in Severna Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Severna Park.
Research