Ellicott City is a large unincorporated community located in Howard County, Maryland. More than 35,000 people are employed here. The three most prevalent industries in Ellicott City are Professional, Scientific, and Tech Services; Healthcare & Social Assistance; and Educational Services. The highest paying industries are Agriculture, Forestry, Fishing, & Hunting; Professional, Scientific & Tech Services; and Utilities. Ellicott City’s unemployment rate (3.5%) is much lower than the national average (5.2%).
Interestingly, the Ellicott City is possibly best known for being haunted. Regardless of the veracity of the stories, that part of Ellicott City’s history has generated a lot of tourism to the area, which accounts for some of the city’s economic success.
Ellicott City Office Space | Lease Data and Trends
Ellicott City houses more than 12 million square feet of commercial real estate vacancy, with an additional 400,000+ square feet of office space were under construction as of Q2 of 2018. Ellicott City’s vacancy rate hovers around 12%, creating market conditions that are favorable for tenants to compare spaces without rushing to make a decision.
Across all building classes, Ellicott City office space asking rents average just over $28 per square foot. Ellicott City has almost twice as much Class A office space as Class B. Class A office space asking rents average slightly below $30 per square foot (per year), while Class B costs an average of $24 per square foot to rent.
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What Our Brokers Say About Ellicott City Office Space
Ellicott City is said to be built on seven hills. The Patapsco River borders Ellicott City to the north and east; Columbia borders it to the south; Ilchester borders it to the southeast. Greater Ellicott City includes several neighborhoods such as Centennial, Elioak, Turf Valley, and Mount Hebron.
Ellicott City rests in northeastern Howard County, which lies directly between two large metropolitan areas, Washington, D.C., and Baltimore. Its proximity to the National Security Agency, U.S. Cyber Command, and Fort George Meade, U.S., have helped the county gain recognition as the center of the cybersecurity industry. Several major research institutions are also in the county, such as Johns Hopkins Applied Physics Lab and Medstar. Ellicott City also supports smaller, locally owned businesses, and many of them are located on Main Street. The Ellicott City website provides information about the businesses in the community and gives helpful resources for those considering joining.
Getting to, From, and Around Ellicott City
Ellicott City is a car-dependent city that doesn’t have much public transportation. The average household has two cars, and the average commute time is 28.5 minutes. The following main highways serve the area: Maryland Route 144 (Main Street), U.S. Route 40, Interstate 70, Maryland Route 103, U.S. Route 29, and Maryland Route 100. The Regional Transportation Agency of Central Maryland (RTA) bus service Yellow Line serves the area and runs from the Columbia Mall to the Miller Branch Library. The commuter bus service has Lines 150 and 345 in the area. The nearest MARC Train is Dorsey station, which is nine miles away. Baltimore-Washington International Airport and Glenair Airport are both within 10 miles of Ellicott City.
Ellicott City History
Ellicott City’s history is part of what makes it so interesting to visit or live in. Historic Ellicott City houses a variety of landmarks and historic buildings visitors enjoy and locals take pride in. One of the best places to visit to learn about Ellicott City’s history is the Ellicott City B&O Railroad Station Museum, which showcases the oldest surviving railroad station in the nation. Locals can enjoy the Ellicott City Old Town Market and purchase locally grown foods every Saturday from 9 a.m. to 1 p.m. The city’s website provides updates regarding upcoming concerts, outdoor movies, and festivals.
Ellicott City’s story began when a governmental act condemned 20 acres in the area for use as a mill site. James Hood developed the mill site in 1766 along the Patapsco River where Maryland Route 144 is now. After a flood destroyed the mill and Hood’s son rebuilt it, the property changed hands. Joseph Ellicott purchased the mill in 1774. Eventually, a railroad was built through the area.
In 1771, three brothers—John, Andrew, and Joseph Ellicott—decided to turn some land in Elk Ridge Landing (today’s Elkridge, Maryland) into a flour mill. After several expansions of the mill, they eventually called the entire town Ellicott’s Mills. The name stuck and became more official when the town got a U.S. Postal stop in 1797. The Ellicott family added sawmills, oil mills, and grain mills to the area, too. Even after they sold their interests in 1840, the town retained their name. Ellicott’s Mills was incorporated and became Ellicott City in 1867. E. A. Talbot served as the city’s first mayor. Ellicott City didn’t have any major subdivisions until 1955 when Norman E. Moxley established Normandy Heights. The Normandy Shopping Center was built around then as well.
The nearby Patapsco River and Tiber River have flooded parts of Ellicott City several times, which has actually shaped history and development in the area for quite some time. The most recent floods were in 2016 and 2018. Since the 2018 flood, the town has implemented high-tech flood monitoring to help predict when flooding may occur. This involves places stream gauges to analyze water patterns. Recently, the Ellicott City Partnership’s Board of Directors enacted a five-year mitigation plan for historic Ellicott City.