On average, listings lease in the $10's per square foot per year. The Towson submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 43% decline in rent.
Compared to the rest of the Greater Baltimore market, the Towson submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 38 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 66% of the available space in the Towson 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,740 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1977 and are Class B.