On average, listings lease in the $10's per square foot per year. The Downtown Columbia region is seeing a decrease in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 60% decline in rent.
Compared to the rest of the Greater Baltimore market, the Downtown Columbia submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 3 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the available leases in the Downtown Columbia 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 available, so finding a space for a small business might be tough.
Even though the median size is 11,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this market were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the residents of Downtown Columbia work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.