Westminster Retail

Westminster

Office Space Market Report

Number of Listings (last 90 days)
61
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
440
As of: August 17, 2017

Westminster Rates

The typical asking rate per listing is in the $10's per square foot per year. The Westminster submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the Greater Baltimore market, the Westminster region 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 listed, which means spaces are probably going fast. 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 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 440 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region 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