On average, listings lease in the $30's per square foot per year. The Oakland Mills submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Oakland Mills submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,040 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Oakland Mills occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.