On average, listings lease in the $30's per square foot per year. The Owen Brown region is experiencing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Greater Baltimore market, the Owen Brown region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 7 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Owen Brown are subleases, so you might be able to snag a great spot on a short term. 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 leases below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region 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 residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.