Baltimore Medical

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Himmelrich Associates INC
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5629 Harford Rd - Entire Building Glenham - Bedford, Baltimore, MD large open space
May 20
6,000
sqft
Industrial Office Medical Retail
5803 Moravia Rd - Space Frankford, Baltimore, MD open floor plan
May 19
1,080
sqft
Office Medical Retail

Baltimore

Market Report

Number of Listings
Posted in the last 90 days
85
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,960

Baltimore Rates

The typical asking rate per listing is in the $20's per square foot per year. The Baltimore region is seeing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 21% decline in rent.

Compared to the rest of the Greater Baltimore market, the Baltimore submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Baltimore Listing Supply

In the last 90 days, 1129 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the available leases in the Baltimore are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,920 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1927 and are Class A.

Baltimore Community

Market Data

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