Towson, MD Office Space for Lease or Rent (2024)

Frequently Asked Questions

  • Asking prices vary based on the property location, rating, amenities such as proximity to restaurants, cafes, and entertainment venues, as well as convenience of access to public transport, airports, and thoroughfares.

    The minimum rental rate for office space in Towson is $19.5 per square foot. Among listings of office space currently available for lease in Towson, the maximum rental rate is $28.5 per square foot.

    For more details on Towson office space rent and sales prices, as well as overall market quality and new construction data, see Towson Office Market Trends.

  • Most experts recommend an average of between 75 and 150 square feet of office space per person. However, it is important to keep in mind that how much office space you ultimately need depends on your activity and how you need to use the space, as much as it does on how many people it should accommodate. If you already know what size office would best suit your needs, use the available space size filter at the top of the search page to focus your search on the best fit for you.

    You’ll find a home for almost any size of business in Towson, as the local office market offers a wide range of options. Office spaces currently on the market go up to as much as 13,636 square feet in size for an individual listing.
    However, there is a variety of differently sized opportunities below that maximum. For your consideration, the median size of an office space for lease in Towson is 2,206 square feet, and the average office space size here is 3,324 square feet.

  • You can find 129 office listing(s) for lease in Towson, which add up to a total of 496,388 square feet. Availability on the market includes a variety of office use types, such as General Office, Medical Office, Storage, Office-Business Park.

    The most common office use type currently available for lease in Towson is General Office, which is offered in 96 or 74.42% of listings. The second-most frequent office use type listed here is Medical Office, which account for 12 or 9.30% of office space currently available.

  • You can search 4 office sublease listing(s) in Towson, which amount to a total of 29,280 square feet. Sublease opportunities on the market include General Office, Medical Office, Storage.

  • The best choice of neighborhood for your office space will greatly depend on the elements that are most relevant to your business and your employees. However, a good criterion to start with is to look at the areas of the city that have the highest concentration of office properties, as these areas are generally well connected to transit options and have a good degree of amenity availability.

  • Each individual’s commuting experience will of course be different depending on a number of factors. Check the location description details for the office listings that catch your eye, to get an overview of walkability, access to public transport, the quality of infrastructure dedicated to biking commuters, as well as the proximity to parking facilities, fuel stations, and other essential amenities.

  • The Towson office market incorporates a mix of properties of various ages, ratings, construction grades, and other quality indicators. Roughly 32.56% of total office space listings in the city are in properties rated Class A. Class B office space accounts for 56.59% of spaces listed on the leasing market. Class C office space makes up 3.1% of office space available in Towson.

    Buildings completed in and since the year 2000 account for 2.86% of office properties in the city and incorporate a total of 88,204 square feet.

    Out of the office space listings currently available in Towson, you can find 2 LEED-certified or LEED-proposed option(s). A total of 1 building(s) here earned a LEED-certification — certification level Gold (1).

  • There are, of course, a lot of things to factor in when you are looking for office space. Aspects including the accessibility of the location, the quality of the facility, the size of the space, the convenience of nearby amenities, the type and duration of the lease, and of course the cost are all part of the search and decision process. For a quick checklist of what you should take into account when researching the market, consider these seven tips for choosing the best office location for your business. Alternatively, for a comprehensive take on everything to consider when looking for office space, see our in-depth guide to finding office space for small or growing companies. The guide also includes insights from seasoned professionals and can serve as a helpful resource for growing companies, no matter their current size.

  • Are you looking to lease office space in the vicinity of your current location or in a particular neighborhood of Towson? Using the interactive map, you can easily navigate to your preferred location and customize your search area around a specific point of interest. Select “Radius” from the Search Mode options menu, click on the map to set your search reference point, and expand the radius to select your desired search area. Browse available listings to find the best office space that meets your location, as well as other business needs.

Towson, MD Office Space for Lease or Rent (2024)

FAQs

How much does it cost to rent office space in Maryland? ›

Expect to pay around $709.93 per person per month and $60.65 per person per hour in Maryland. Of course, rent prices vary based on city, size, and the amenities you choose. You may pay less for a coworking hot desk, and more for an executive office suite. Rent office space from one hour or up to three years and longer.

Is leasing office space profitable? ›

In conclusion, Investing in office spaces can be a profitable opportunity for real estate investors. With a steady income stream, higher rental rates, and the potential for appreciation, office spaces can provide a stable and lucrative investment.

How much does it cost to rent office space in Michigan? ›

The average cost for Office Space for lease in Grand Rapids is about $26 per square foot. Factors such as location, age of building, amenities, lease options, etc. help determine the rent for Office Space in Grand Rapids, MI.

How much does it cost to rent an office space Minnesota? ›

Overall, the average rent for office space in Minneapolis is $30.87 per square foot. The maximum rental rate among listings for lease in Minneapolis is $76.36 per square foot.

How much should I budget for office space? ›

It's often recommended to allocate around 5-7% of your revenue to rent and utilities, but this can vary based on your industry, location and business size. Finding the right balance means investing in a workspace that meets your needs without straining your finances.

Is rent on office space a period cost? ›

Period costs include any costs not related to the manufacture or acquisition of your product. Sales commissions, administrative costs, advertising and rent of office space are all period costs.

What is the most common lease for office space? ›

Gross Lease

Gross leases are most common for commercial properties such as offices and retail space. The tenant pays a single, flat amount that includes rent, taxes, utilities, and insurance. The landlord is responsible for paying taxes, utilities, and insurance from the rent fees.

How long are most office leases? ›

The most common commercial lease is often a long-term lease, typically around 5 to 10 years, with an option to renew.

What is one of the big advantages of leasing instead of buying office space? ›

There are multiple advantages to leasing business space such as fewer upfront costs, more location options, as well as reduced capital and insurance risks. Company capital can be invested in the business rather than real estate.

How do you calculate monthly rent for Office Space? ›

How to Calculate Commercial Rent:
  1. Take Your Price Per Square Foot.
  2. Multiply That by Your Total Square Footage.
  3. That Gives You Your Total Annual Rent.
  4. Divide by Twelve for Monthly Rent.
Sep 20, 2019

How much does it cost to rent Office Space in DC? ›

Rent Prices by Office Class in Washington, DC

Class A & A+ Office Space: The average asking rent for Class A and A+ office spaces is $55.06 per square foot. Class B Office Space: These spaces have an average asking rent of $48.34 per square foot.

How much Office Space do you really need? ›

According to Office Finder, it's best to allow about 175 square feet of space for each person who works in your office. Leaders and executives usually require between 200 and 400 foot square feet. Open office workstations only require about 100 square feet per person.

How much does Office Space cost in Indianapolis? ›

The average cost for Office Space for lease in Indianapolis is about $22 per square foot. Factors such as location, age of building, amenities, lease options, etc.

What is the average cost of Office Space in Florida? ›

Comparably, statewide Florida average office rents by class in 2023 were: $36.87 per square foot for class A office space; $27.52 per square foot for class B office space; $32.32 per square foot for class C office space.

How much does it cost to rent office space in DC? ›

Rent Prices by Office Class in Washington, DC

Class A & A+ Office Space: The average asking rent for Class A and A+ office spaces is $55.06 per square foot. Class B Office Space: These spaces have an average asking rent of $48.34 per square foot.

How much office space do you really need? ›

According to Office Finder, it's best to allow about 175 square feet of space for each person who works in your office. Leaders and executives usually require between 200 and 400 foot square feet. Open office workstations only require about 100 square feet per person.

How much does it cost to rent office space in Las Vegas? ›

Depending on property quality, location, amenities, and other factors — such as what type of office lease you sign up for — the rent for office space in Las Vegas can be as low as $1.25 per square foot. On average, the rate for an office space in Las Vegas is $30.23 per square foot.

How much does office space cost in Indianapolis? ›

The average cost for Office Space for lease in Indianapolis is about $22 per square foot. Factors such as location, age of building, amenities, lease options, etc.

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