Pikesville Sublease

Pikesville

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
1,590
As of: July 25, 2017

Pikesville Rates

Most listings are in the $20's per square foot per year. The Pikesville submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 36% decrease in rent.

Compared to the rest of the Greater Baltimore market, the Pikesville region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Pikesville Listing Supply

In the last 90 days, 8 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the available leases in the Pikesville 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,590 sqft. Most properties in this region are close to 3 stories. Most buildings in this market were built in 1978 and are Class B.

Pikesville Community

Market Report

Trends and status of the commercial real estate market in Pikesville.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Pikesville.
Research