Westminster Retail

Westminster

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,210
As of: July 23, 2017

Westminster Rates

The typical asking rate per listing is in the $10's per square foot per year. The Westminster region is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 20% decline in rent.

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

Westminster Listing Supply

In the last 90 days, 2 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 700% of the office spaces in the Westminster 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,210 sqft. Most buildings in this area are approximately 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