The typical asking rate per listing is in the $30's per square foot per year. The Riverside submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $33 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Greater Baltimore market, the Riverside region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 220 sqft. Most properties in this region are approximately 3 stories. Most buildings in this region were built in 1920 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Riverside occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.