On average, listings lease in the $0's per square foot per year. The Severn submarket is seeing a decline in rates. In the last 3 months, the median rate fell $45 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 1 listings have been posted online, which means new listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 26,770 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 2015 and are Class A.