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.
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.