On average, listings lease in the $40's per square foot per year. The Severna Park submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 48% rise in rent.
Compared to the rest of the Greater Baltimore market, the Severna Park submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,680 sqft. Most properties in this region are around 1 floors. Most buildings in this region were built in 1986 and are Class B.