Severna Park Sublease

Severna Park

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
5,140
As of: February 22, 2017

Severna Park Rates

Most listings are 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 rose $4 per sqft per year. That's a 15% rise in rent.

Compared to the rest of the Greater Baltimore market, the Severna Park region has greater rates, and you'll need to make a great offer to be in this hot submarket.

Severna Park Listing Supply

In the last 90 days, 6 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 17% of the office spaces 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,140 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this region were built in 1984 and are Class B.

Severna Park Community

Market Report

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

Market Data

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