On average, listings lease in the $20's per square foot per year. The Elkridge region is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Elkridge submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 6 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 67% of the office spaces in the Elkridge 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 15,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 2004 and are Class B.