Pikesville Retail

Pikesville

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,820
As of: August 20, 2017

Pikesville Rates

On average, listings lease in the $10's per square foot per year. The Pikesville submarket is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 16% decline in rent.

Compared to the rest of the Greater Baltimore market, the Pikesville submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Pikesville Listing Supply

In the last 90 days, 8 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 113% of the office spaces in the Pikesville are subleases, so you might be able to find a shorter term or below market rent. 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 1,820 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1978 and are Class B.

Pikesville Community

Market Report

Trends and status of the commercial real estate market in Pikesville.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Pikesville.
Research