The typical asking rate per listing is in the $30's per square foot per year. The Severna Park region is experiencing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Greater Baltimore market, the Severna Park region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,140 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this area were built in 1983 and are Class B.