Downtown Columbia Sublease

Downtown Columbia

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
11,000
As of: June 27, 2017

Downtown Columbia Rates

On average, listings lease in the $10's per square foot per year. The Downtown Columbia submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $16 per sqft per year.

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

Downtown Columbia Listing Supply

In the last 90 days, 3 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 133% of the office spaces 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 11,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 4 stories. Most buildings in this area were built in 1980 and are Class A.

Downtown Columbia Community

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 region. Most of the folk of Downtown Columbia work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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