On average, listings lease in the $30's per square foot per year. The Severna Park region is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Greater Baltimore market, the Severna Park region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Severna Park are subleases, so you might be able to snag a great spot on a short term. 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 2,240 sqft. Most properties in this region are close to 1 floors. Most buildings in this market were built in 1984 and are Class B.