The typical asking rate per listing is in the $30's per square foot per year. The Downtown Columbia region is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Downtown Columbia region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 12 listings have been made available, which means office spaces are probably 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,420 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 5 floors. Most buildings in this market were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Downtown Columbia work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.