Severna Park Office Space

Severna Park

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
5,140
As of: February 28, 2017

Severna Park Rates

On average, listings lease in the $30's per square foot per year. The Severna Park region is going through a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 15% rise in rent.

Compared to the rest of the Greater Baltimore market, the Severna Park region has greater rates, and you'll need to make a great offer to be in this hot region.

Severna Park Listing Supply

In the last 90 days, 6 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Severna Park 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,140 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market were built in 1984 and are Class B.

Severna Park Community

Market Report

Trends and status of the commercial real estate market in Severna Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Severna Park.
Research