Mount Vernon Office Space

Mount Vernon

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
3,500
As of: June 25, 2017

Mount Vernon Rates

The typical asking rate per listing is in the $10's per square foot per year. The Mount Vernon region is experiencing a an increase in rates. In the last 3 months, the median rate rose $18 per sqft per year.

Compared to the rest of the Greater Baltimore market, the Mount Vernon region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Mount Vernon Listing Supply

In the last 90 days, 2 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 150% of the available leases in the Mount Vernon are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,500 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this area were built in 1912 and are Class C.

Mount Vernon 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 Mount Vernon residents. Commuting around 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 Mount Vernon.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Mount Vernon.
Research