Westminster Retail

Westminster

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
670
As of: June 25, 2017

Westminster Rates

Most listings are in the $10's per square foot per year. The Westminster region is going through a an increase in rates. In the last 3 months, the median rate increased $20 per sqft per year.

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

Westminster Listing Supply

In the last 90 days, 2 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 700% of the available space in the Westminster are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 670 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1988 and are Class B.

Westminster Community

Market Report

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

Market Data

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