The typical asking rate per listing is in the $20's per square foot per year. The Owen Brown submarket is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Greater Baltimore market, the Owen Brown submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 11 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 64% of the office spaces in the Owen Brown 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 2,480 sqft. Most buildings in this region are close to 3 floors. Most buildings in this market were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Owen Brown occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.