Most listings are in the $30's per square foot per year. The Oakland Mills submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Greater Baltimore market, the Oakland Mills region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 listings have been listed, which means spaces most likley are 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 4,040 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Oakland Mills residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.