The typical asking rate per listing is in the $20'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 increased $26 per sqft per year.
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 depreciated submarket.
In the last 90 days, 21 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 38% of the available space in the Lutherville - Timonium 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 800 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1973 and are Class A.
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 market. 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.