Lutherville - Timonium Industrial

Lutherville - Timonium

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,210
As of: January 22, 2017

Lutherville - Timonium Rates

On average, listings lease in the $20's per square foot per year. The Lutherville - Timonium submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 25% increase in rent.

Compared to the rest of the Greater Baltimore market, the Lutherville - Timonium region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Lutherville - Timonium Listing Supply

In the last 90 days, 32 listings have been posted online, which means new availabilities might be 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,210 sqft. Most properties in this area are close to 3 stories. Most buildings in this region were built in 1972 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 market. Commute by car is the most popular way to get to work amongst Lutherville - Timonium occupants. 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