On average, listings lease in the $20's per square foot per year. The Ellicott City region is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Greater Baltimore market, the Ellicott City submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 25 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 8% of the listings in the Ellicott City are subleases, so you will probably have to focus your search on direct office leases. 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 900 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 1986 and are Class B.