On average, listings lease in the $20's per square foot per year. The Severna Park submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 0% rise in rent.
Compared to the rest of the Greater Baltimore market, the Severna Park region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 880 sqft. Most properties in this area are close to 1 stories. Most buildings in this market were built in 1983 and are Class B.