On average, listings lease in the $30's per square foot per year. The Elkridge region is seeing a a rise in rates. In the last 3 months, the median rate went up $31 per sqft per year.
Compared to the rest of the Greater Baltimore market, the Elkridge 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, 4 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the office spaces in the Elkridge are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 2004 and are Class B.