Lutherville - Timonium Office Space

Lutherville - Timonium

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,800
As of: May 22, 2017

Lutherville - Timonium Rates

Most listings are in the $20's per square foot per year. The Lutherville - Timonium region is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decline in rent.

Compared to the rest of the Greater Baltimore market, the Lutherville - Timonium submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Lutherville - Timonium Listing Supply

In the last 90 days, 21 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the listings in the Lutherville - Timonium are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,800 sqft. Most properties in this area are close to 3 floors. Most buildings in this region were built in 1973 and are Class A.

Lutherville - Timonium Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lutherville - Timonium occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Lutherville - Timonium.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lutherville - Timonium.
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Timonium Submarkets