On average, listings lease in the $30's per square foot per year. The Elkhorn Landing submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Greater Baltimore market, the Elkhorn Landing submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 6,990 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this region were built in 1983 and are Class A.