The typical asking rate per listing is in the $30's per square foot per year. The Severna Park region is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Greater Baltimore market, the Severna Park submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 6 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Severna Park 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.
The standard measurement for office space in this area is around 2,240 sqft. Most buildings in this area are close to 1 stories. Most buildings in this market were built in 1984 and are Class B.