On average, listings lease in the $30's per square foot per year. The Parole region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Greater Baltimore market, the Parole region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 10 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the available space in the Parole are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,410 sqft. Most buildings in this area are close to 4 stories. Most buildings in this market were built in 1988 and are Class A.