Lutherville - Timonium Industrial

Lutherville - Timonium

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,800
As of: May 22, 2017

Lutherville - Timonium Rates

Most listings are in the $20's per square foot per year. The Lutherville - Timonium submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decrease in rent.

Compared to the rest of the Greater Baltimore market, the Lutherville - Timonium submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Lutherville - Timonium Listing Supply

In the last 90 days, 21 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 5% of the available leases in the Lutherville - Timonium are subleases, so you will probably have to consider a longer term lease. 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 1,800 sqft. Most buildings in this area are around 3 stories. Most buildings in this region were built in 1973 and are Class A.

Lutherville - Timonium Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Lutherville - Timonium folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Lutherville - Timonium.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lutherville - Timonium.
Research

Timonium Submarkets