On average, listings lease in the $20's per square foot per year. The Londontowne submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $25 per sqft per year.
Compared to the rest of the Greater Baltimore market, the Londontowne submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,600 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 2002 and are Class B.
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 walking is the most popular way to get to work amongst Londontowne residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.