Most listings are in the $30's per square foot per year. The Downtown Columbia submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the Greater Baltimore market, the Downtown Columbia submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Downtown Columbia 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.
Even though the median size is 8,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 5 stories. Most buildings in this region were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Downtown Columbia work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.