Lutherville - Timonium Office Space

Lutherville - Timonium

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
1,770
As of: August 17, 2017

Lutherville - Timonium Rates

Most listings are in the $30's per square foot per year. The Lutherville - Timonium submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 18% rise in rent.

Compared to the rest of the Greater Baltimore market, the Lutherville - Timonium submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Lutherville - Timonium Listing Supply

In the last 90 days, 21 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 86% of the office spaces in the Lutherville - Timonium are subleases, so you might be able to snag a great spot on a short term. 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 1,770 sqft. Most properties in this region are around 3 floors. Most buildings in this market 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 residents. 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